Which of the Following Is an Advantage of Non-Equity Alliances

question 71

Multiple Choice

Which of the following is an advantage of non-equity alliances?

• A) They produce strong ties between alliance partners as they are permanent in nature.
• B) They are flexible and easy to initiate and terminate.
• C) They facilitate the sharing of tacit knowledge between the alliance partners.
• D) They are based on ownership rather than contracts.

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Definitions:

Lien

A legal right or interest that a creditor has in the debtor's property, usually lasting until the debt that it secures is paid.

Legal Action

The process of seeking judicial intervention to enforce or protect a right through a lawsuit or other legal means.

Surety

A guarantee, typically by a third party, ensuring the fulfillment of an obligation or the performance of a contract.

Guarantor

An individual or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to meet their obligations.