Which of the following best defines cost?
A) The value of equities a firm has at its disposal
B) The value of a received item in a monetary exchange
C) The value of expense inflows in an organization
D) The value of what is given up in exchange for something else
Question 2
To gain access to one another's markets, several U.S. and Japanese automobile manufacturers (for example, Chrysler and Mitsubishi) are engaging in temporary alliances to manufacture and market certain models of cars. These types of partnerships are known as
A) limited-liability companies.
B) S-corporations.
C) cooperatives.
D) joint ventures.
E) foreign corporations.
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