Actions or Units of Work Undertaken by an Organization to Accomplish

question 140

Multiple Choice

Actions or units of work undertaken by an organization to accomplish its mission are referred to as:

• A) costs.
• B) work in process.
• C) activities.
• D) cost objects.

---

Definitions:

Strategic Alliance

is a cooperative agreement between two or more entities to pursue a set of agreed objectives while remaining independent entities.

Strategic Alliance

Strategic alliance is a formal agreement between two or more parties to pursue a set of agreed upon objectives while remaining independent organizations.

Research Consortium

A group or association of institutions or organizations that collaborate together to conduct research on specific areas of interest.

Joint Venture

Two or more organizations form an alliance in the creation of a new organizational entity.