A Relationship Whereby Two or More Entities Cooperate (But Do

question 54

Multiple Choice

A relationship whereby two or more entities cooperate (but do not form a separate company) to achieve the strategic goals of each is called a ________.

• A) joint venture
• B) strategic alliance
• C) wholly owned subsidiary
• D) multistage buyback

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Definitions:

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Automatic Stabilizers

Economic policies and programs, like unemployment benefits and progressive taxation, that automatically help stabilize an economy by decreasing the effects of economic fluctuations.

Aggregate Demand

Aggregate requirement for goods and services within an economic system, evaluated at a fixed comprehensive price level over a defined period.

National Debt

The total amount of money that a country's government has borrowed, by various means, to cover its spending in excess of tax revenues.