Which of the Following Statements Regarding International Joint Ventures Is

question 22

Multiple Choice

Which of the following statements regarding international joint ventures is FALSE?

• A)International joint ventures usually have two or more partners.
• B)International joint ventures are usually not legally binding.
• C)International joint ventures with a large number of partners are known as consortiums.
• D)Companies do not need equal ownership to form an international joint venture.

---

Definitions:

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, regulating banks, and ensuring financial system stability.

President

The elected head of a republican state or the chief executive officer of a corporation or institution.

Congress

The national legislative body of a country, specifically in the United States, made up of the House of Representatives and the Senate.

Board of Governors

The leading body of a central bank system or other regulatory agency, responsible for setting policies and overseeing the institution's operations.