Question

A joint venture is an agreement among two or more companies to join forces to pursue specific opportunities without actually merging their operations.

a) True
b) False

Answer 1

A joint venture is an agreement among two or more companies to pursue specific opportunities without merging their operations.

Step-by-step explanation:

A joint venture is an agreement among two or more companies to join forces to pursue specific opportunities without actually merging their operations. This statement is true.

For example, several competing corporations may join together in an association because there is strength in numbers, they have common issues that may affect an entire industry, and they can benefit from governmental policies. Therefore, the correct option is d) all the above.