Omega Corporation and Precise Code, Inc

question 56

Multiple Choice

Omega Corporation and Precise Code, Inc., two software firms, wish to combine their research and development capabilities to make a special, limited edition computer game. The most appropriate legal en?tity for this project might be

• A) a business trust.
• B) a joint stock company.
• C) a joint venture.
• D) a syndicate.

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Definitions:

Contingencies

Potential events or conditions that may occur in the future and could impact the financial performance or operations of a business.

Business Plan

A formal written document detailing the goals of a business, the strategy for achieving them, and the timeframe for success.

Planning Horizon

The time a business plan covers. Typically between a few months and five years.

Strategic Planning

Long-term organizational process dedicated to setting goals, defining actions to achieve those goals, and allocating resources to implement the actions.