Strategic Alliances Are

question 28

Multiple Choice

Strategic alliances are

• A)the cheapest means of developing new technologies and getting new products to market quickly.
• B)collaborative formal arrangements where two or more companies join forces and agree to work cooperatively toward some strategically relevant objective.
• C)a proven means of reducing the costs of performing value chain activities.
• D)best used to insulate a company from the impact of the five competitive forces.
• E)the best way to help insulate a firm from the adverse impacts of industry driving forces.

Recognize the circumstances under which a taxpayer must report income and the impacts of economic benefits on taxability.

Identify the tax treatment of various types of dividends and unemployment compensation.

Understand the tax principles related to employee discounts in restaurants and the specifics of calculating tax liability.

Grasp the concepts of income realization and the specific exclusions available concerning interest income from various sources.

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Definitions:

Evaluation

The systematic assessment of the merit, value, or significance of an object, project, or program, based on criteria and standards.

Cognitive Dissonance

The mental discomfort experienced by a person who simultaneously holds two or more contradictory beliefs, ideas, or values.

Inconsistent Behavior

Actions or responses that vary significantly over time or across situations, lacking predictability.

Attitudes

A settled way of thinking or feeling about something or someone, typically reflected in a person's behavior or expressed viewpoints.