In 2009,Wal-Mart Started Doing Business in India by Forming a __________

question 22

Multiple Choice

In 2009,Wal-Mart started doing business in India by forming a __________ with Bharti Enterprises,Inc. ,one of India's leading business groups.

• A) joint venture
• B) Subsidiary
• C) horizontal merger
• D) vertical merger

---

Definitions:

Output

The amount of something produced by a person, machine, or system.

Double-Entry Bookkeeping System

An accounting method that records each transaction as both a debit and a credit in different accounts, ensuring the accounting equation stays balanced.

Single-Entry System

A rudimentary accounting method where entries are made in a single record, typically focusing only on cash flow and personal accounts.

Computerized Ledger System

A digital system for recording the financial transactions of a business or organization, providing an organized way to store, manage, and report financial data.