An enterprise in which two or more firms or investors (including governments) share ownership of a business and its property rights is called a(n):
A)cooperative
B)international partnership
C)joint venture
D)cartel
E)limited partnership

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. Each of the participants in a joint venture has ownership in the entity and agrees on how it will be managed.

An Enterprise in Which Two or More Firms or Investors