Casca Paints, a manufacturer of paints and emulsions, owns a user-friendly Website. The Website allows customers to upload pictures of their house and select the colors that best match their expectations
DonnelDesigns Inc., an interior decoration firm,enters into a partnership with Casca Paints. As a result, customers can now get a complete interior design solution for their homes. This is an example of a(n) _____.
a. golden handshake
b. elevator pitch
c. business acquisition
d. strategic alliance
ANSWER: d
Casca Paints and Donnel Designs Inc. have formed a strategic alliance. A strategic allianceis defined as a cooperative agreement between business firms. Strategic alliances or strategic partnerships can take the form of licensing or distribution agreements, joint ventures, research and development consortia, and partnerships.
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Beginning around 750 B.C.E., the ancient Greeks developed a series of fortified city states called:
A) poleis B) green cities C) entrepot D) cordillera E) none of the above
If the auditor determines that the client's current ratio is below a particular covenant level, which of the following would the auditor not do?
a. Assess the effects of the violation. b. Assume that the debt will need to be reclassified, if the violation is not waived. c. Consider that the debt will be due and payable, if the violation is not waived. d. Issue an adverse audit opinion.