All of the Following Are True About International Joint Venture

question 16

Multiple Choice

All of the following are true about international joint venture (IJV) EXCEPT

• A)An IJV is a separate legal entity owned by parent companies from different countries.
• B)IJVs can have more than two partners.
• C)IJVs require that companies have equal ownership to form the venture.
• D)IJVs require legal contracts that bind partners.

---

Definitions:

Personal Qualities

Characteristics or traits that define an individual’s personality and way of behaving in various situations.

Occupational Knowledge

Understanding or expertise related to specific professions or jobs, including duties, skills, and prerequisites.

Employment Agencies

Organizations that match employers with job seekers.

High-Level

Pertaining to activities, processes, or concepts that are complex, abstract, or involve advanced or detailed understanding.