Grand Resorts Has Acquired the Services of Elegant Inc

question 30

Multiple Choice

Grand Resorts has acquired the services of Elegant Inc.to develop advertisements for their organization.ElegantInc.has advised them to add a panoramic view to billboard ads and to portray tourists lounging by the sea.ElegantInc.is an example of a(n)  ________.

• A) media specialist 
• B) creative boutique 
• C) digital/interactive agency 
• D) in-house agency

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Definitions:

Investment Account

A financial account held at a financial institution that contains securities, cash, and other assets, typically used for investing purposes.

Equity Method

An accounting technique used when a company holds a significant but not controlling investment in another company, recognizing its share of the investee's profits and losses.

Cash Flow Statement

A financial statement that shows the cash inflows and outflows for a company over a period, including operating, investing, and financing activities.

Investing Activities

Transactions related to buying or selling long-term assets and investments other than cash equivalents.