An Entity Created by Two or More Firms Pooling a Portion

question 51

Multiple Choice

An entity created by two or more firms pooling a portion of their resources to create a separate, jointly-owned organization is called a ________.

• A) trade association
• B) network
• C) joint venture
• D) consortia
• E) strategic alliance

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Definitions:

Investment Income

Refers to the money earned from various investments, including dividends, interest, or capital gains from securities, real estate, and other assets.

Not-for-profit Organization

An entity that operates for purposes other than generating profit, focusing on social, educational, charitable, or other activities.

Contribution Receivable

An amount pledged to be paid to a company or organization as a donation or investment, but which has not yet been received.

Ultimate Collection

A term typically referring to the most complete or finest selection of items in a particular category or series.