The Management Is Thinking of Joining Hands with Its One

question 59

Multiple Choice

The management is thinking of joining hands with its one time rival, CG-VAK Software in order to gain access to new markets and technologies.By doing this, the organization is nurturing a ________.

• A) cross-functional partnership
• B) task force
• C) community of practice
• D) strategic partnership

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Definitions:

Services Provided

Work performed by one party for another without the supply of tangible goods. Examples include consulting, marketing, maintenance, and legal services.

Accounting Equation

The accounting equation is a fundamental principle of accounting representing the relationship between assets, liabilities, and owner's equity (Assets = Liabilities + Owner's Equity).

Received Cash

Funds that are taken in by the company, often from transactions such as sales, loans, or investments.

Business Entity

An organization created by one or more individuals to engage in business activities, structured as corporations, partnerships, sole proprietorships, or other forms.