Solved

​Which of the Following Is True of a Joint Venture

Question 101

Multiple Choice

​Which of the following is true of a joint venture?


A) A joint venture is a type of partnership in which investors co-own the enterprise.
B) A joint venture occurs when a company chooses to purchase an existing foreign company, making the purchased company a wholly owned subsidiary of the parent.
C) ​A joint venture results from the payment by a company for a business function formerly done in house.
D) ​A U.S.firm is not allowed to enter into a joint venture with a foreign firm.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents