A ________ Is a Confederation of Organizations That Band Together

question 53

Multiple Choice

A ________ is a confederation of organizations that band together to research and develop new products and processes for world markets.

• A) research and development alliance
• B) functional alliance
• C) research and development consortium
• D) joint venture

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Definitions:

Proxy Fights

Efforts by a group of shareholders to alter company management or policies by persuading other shareholders to vote in a way that is contrary to the current management's wishes.

Agency Problem

A conflict of interest arising between parties in a transaction, typically between the principals (owners) and the agents (managers) of a company, where the agent may not act in the best interest of the principal.

Merger

The combination of two or more companies into a single company, where they operate as a single legal entity.

Management Bonus

Additional compensation awarded to managers or executives, often linked to performance criteria or achievements.