In A(n) _____, Two or More Firms Both Put Some

question 3

Multiple Choice

In a(n) _____, two or more firms both put some resources into a new, separate entity.

• A) equity joint venture
• B) subcontract
• C) licensing arrangement
• D) consortia

---

Definitions:

Closed Society

A society that is isolated from others and often restrictive in terms of its social, cultural, or political life.

Free Flow of Information

The unrestricted exchange or transmission of data, facts, and ideas.

Government's Decisions

The conclusions or resolutions made by a government or its officials regarding policies, regulations, or actions.

Critical Thinking

The process of objectively analyzing and evaluating an issue or situation in order to form a judgment.