A joint venture can be described as:
A)A special case of equity-based alliance.
B)A legally dependent entity.
C) An alliance based on contracts and does not involve the sharing of ownership.
D) A compromise between merger and acquisition.

Question

Quizplus · Accepted Answer

A joint venture is a special case of an equity-based alliance where two or more parties create a new entity and share ownership, control, and profits.

A Joint Venture Can Be Described As