A Joint Venture Is a New Corporate Entity Given Birth

question 53

True/False

A joint venture is a new corporate entity given birth to and jointly owned by two or more parent companies.

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Definitions:

Breakeven

The point at which total costs equal total revenue, meaning the business or project neither makes a profit nor incurs a loss.

Voice-Activated Software

Computer applications that are controlled through voice commands rather than traditional manual inputs like keyboard or mouse.

Expected Gain

The anticipated amount of profit or loss that could result from an investment, based on the possible outcomes and their likelihoods.

Revenue

The sum of revenue earned from the sales of products or services that form a company's principal business activities.