When Two or More Organizations Combine to Become One, It

question 181

Multiple Choice

When two or more organizations combine to become one, it is referred to as a(n) :

• A) joint venture.
• B) flexible structure.
• C) mechanistic structure.
• D) merger.
• E) inorganic venture.

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Definitions:

Timely Fashion

Completing tasks or obligations within a designated or reasonable time frame.

Statute of Frauds

A rule of law that mandates specific types of contracts must be documented and signed by the involved party to deter fraudulent activities and false testimonies.

Additional Obligations

Additional obligations mean extra duties or responsibilities that may be added to an agreement or contract beyond its originally stipulated terms.

UCC

A vast array of regulatory provisions for commercial transactions in the United States is constituted within the Uniform Commercial Code.