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:
Verified
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