Correct answer: (D) Running a business to create social benefits
342. What is a strategic alliance?
Any form of partnership between one firm and another
Formal agreement committing two or more firms to exchange resources to produce products or services
Formal agreement to share profits from a shared investment
Formal agreement to share knowledge
Correct answer: (B) Formal agreement committing two or more firms to exchange resources to produce products or services
343. What is a succession plan?
Dismissing an employee for a more favourable employee
A formal process of planning to fill a role that will become vacant
A vote of no confidence in a board member
The formal process of acquiring a new staff member
Correct answer: (B) A formal process of planning to fill a role that will become vacant
344. What is a virtual organisation?
An organisation that uses information and communications technologies (ICT's) to coordinate activities without physical boundaries between different functions
An organisation that uses internet technologies to sell products to customers
An organisation that manages the supply chain using digital technologies
An organisation that coordinates the workforce via video conferencing
Correct answer: (A) An organisation that uses information and communications technologies (ICT's) to coordinate activities without physical boundaries between different functions
345. What is a whistleblower?
Someone who reports illegal or unethical acts
Someone who commits illegal or unethical acts
Someone who benefits from illegal or unethical acts
Someone who devises illegal or unethical acts
Correct answer: (A) Someone who reports illegal or unethical acts
346. What is another name for contingency planning?
Synergy planning
Ad hoc planning
Business level planning
Scenario planning
Correct answer: (D) Scenario planning
347. What is characteristic for the location of a virtual team?
In the same building
In the same industry
In the same country
remotely
Correct answer: (D) remotely
348. What is Frank Gilbreth`s work most noted for?