Adam Has Been Hired by an Organization That Has a Partnership

question 3

Multiple Choice

Adam has been hired by an organization that has a partnership with a foreign company. Both the partners share resources and knowledge while developing new products. Adam's organization has formed a ________.

• A) licensing company
• B) franchising company
• C) strategic alliance
• D) foreign subsidiary

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Definitions:

Teller Transaction

A banking transaction conducted with a bank employee, such as a deposit or withdrawal, rather than through an automated mechanism.

ATM Transaction

An action carried out through an Automated Teller Machine (ATM), such as withdrawing cash, depositing funds, or checking account balances.

Barter Economy

An economic system where goods and services are exchanged directly for other goods and services without the use of money as a medium.

Money Economy

A system where goods and services are exchanged using money as a medium, rather than through barter.