When Partners in a Strategic Alliance Form a New Business

question 143

Multiple Choice

When partners in a strategic alliance form a new business unit to implement their plans, what have they created?

• A) a joint venture
• B) a collusion organization
• C) a development team
• D) a merged organization

Demonstrate knowledge of how standard costs and variances are used in decision-making by management.

Analyze and report variances to appropriate stakeholders for further action.

Recognize the importance of standards in setting manufacturing costs.

Comprehend the process of adjusting journal entries based on significant variances.

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Definitions:

Merchants

Individuals or businesses involved in the trade of goods, commodities, or services with the aim of earning a profit.

Presidential Reconstruction

A period after the Civil War when Presidents Lincoln and Johnson proposed plans to reunify the nation that were lenient towards the southern states.

Moderate Republicans

Members of the Republican Party in the United States who hold centrist views and often seek compromise with political opponents.

Radical Republicans

A faction within the Republican Party in the United States during the Civil War and Reconstruction eras, advocating for the abolition of slavery, citizenship, and voting rights for African Americans.