Which of the Following Statements Is True About Firms in a Joint

question 28

Multiple Choice

Which of the following statements is true about firms in a joint venture?

• A)The firms contribute knowledge, but each performs its roles separately.
• B)The contributions made by individual firms are easy to measure.
• C)The parent firms share revenues and expenses in a particular ratio.
• D)The dependency level between partners is low.

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Definitions:

Microfinance

The provision of small loans and other financial services to low-income entrepreneurs and small-business owners in developing countries.

Microcredit

Small loans given to entrepreneurs in developing countries as a way to foster economic development and alleviate poverty.

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise, often bringing innovation to the market.

Microcredit

Refers to the provision of small loans to individuals in impoverished countries or regions to promote entrepreneurship and alleviate poverty.