Riytiz Corp

question 40

Multiple Choice

Riytiz Corp. and Tenkriz Corp. are two industrial developers. They plan to combine their funds, finances, risks, and expertise to build the Opobip Bridge. This bridge is said to connect two states that are not connected by a highway. In this scenario, the venture between Riytiz Corp. and Tenkriz Corp. would be called a _____.

• A) strategic alliance
• B) wholly owned affiliate
• C) conglomerate
• D) franchise

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Definitions:

Managing Change

The process of steering or directing an organization through a transition, such as a restructuring, technology implementation, or shift in culture or strategy.

Open-Source

Pertaining to software whose source code is made freely available to the public for use, modification, and distribution.

Information Technology

A field of study and employment focusing on the use of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.

HRM Practices

Human Resource Management practices involve various activities related to the management of an organization's workforce, such as recruitment, training, and compensation.