The owner of a U.S.football team and the owner of a Canadian hockey team purchase a British soccer team.This is an example of a ________.
A)royalty
B)portfolio investment
C)turnkey operation
D)joint venture

Question

Quizplus · Accepted Answer

A joint venture involves two or more parties coming together to form a new entity for a specific purpose, such as purchasing a British soccer team. This is different from a portfolio investment (B) which involves investing in a company without taking an active role in its management, and a turnkey operation (C) which involves purchasing a fully functional business that can be operated immediately. Royalty (A) refers to payments made for the use of intellectual property or a patent, which is not relevant in this scenario.

The Owner of a U