Question

A joint venture is different from a consortium in that a joint venture:?

1) usually operates in a country in which the participants are already present.
2) typically involves a large number of participants.
3) restricts the right to hold an equity position by its major partners.
4) does not involve the creation of a separate legal entity.
5) is formed mainly for executing short-term projects.

Answer 1

A joint venture is different from a consortium in that it does not involve the creation of a separate legal entity and is formed mainly for executing short-term projects.

Step-by-step explanation:

A joint venture is different from a consortium in that a joint venture does not involve the creation of a separate legal entity. It is typically formed for executing short-term projects.