JK Developers and KL Designs, Who Are Experts in Architectural

question 9

Multiple Choice

JK Developers and KL Designs, who are experts in architectural engineering, form a business agreement whereby they agree to work together for two years in order to complete the design of a planetarium. This is an example of a ________.

• A) franchise
• B) licensing agreement
• C) strategic alliance
• D) limited partnership

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Definitions:

Certified Public Accountant (CPA)

A professional accountant who has met the educational and experience requirements and passed the CPA exam; certified to provide accounting services to the public.

Fireproof Four-Drawer Vertical Filing Cabinet

A type of filing cabinet that is designed to be resistant to fire, equipped with four drawers and oriented in a vertical position for storing documents.

Vendor

An individual or company that sells goods or services to others, often in a retail or wholesale setting.

Markup Percent

The percentage increase between the cost of a product and its selling price, indicating the gross margin.