The _____________________ is a legally and economically separate organizational entity created by two or more parent organizations that collectively invest financial as well as other resources to pursue certain objectives.

Question

Quizplus · Accepted Answer

An equity joint venture is a type of joint venture where each parent organization invests capital and other resources to form a legally and economically separate entity. In this type of joint venture, both parent organizations share the ownership, profits, and losses of the venture. Therefore, A is the best choice for the given definition.

The _____________________ Is a Legally and Economically Separate Organizational Entity