______________ projects are a special type of non-equity cooperative alliance whereby the exploration costs are borne by the foreign partner, with development costs later shared by a local entity.

Question

Quizplus · Accepted Answer

The description given in the question matches with the concept of Joint exploration projects. In such projects, the foreign partner bears the exploration costs and the local entity shares the development costs later on. Options A and C are incorrect as they do not fit the given scenario, and option D is not a valid answer.

______________ Projects Are a Special Type of Non-Equity Cooperative Alliance