A Group of Firms That Share in a Certain Contract

question 29

Multiple Choice

A group of firms that share in a certain contract or project on a pre-agreed basis but acts as one company toward the customer is known as a(n)

• A)consortium.
• B)merger.
• C)joint venture.
• D)acquisition.

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Definitions:

Petitioning Party

The individual or group that initiates a legal action or request for a formal inquiry.

Divorce

The formal termination of a marriage through a court or authorized entity.

Legal Custody

Custody of a child that confers on the parent the right to make major decisions about the child's life without consulting the other parent.

Major Decisions

Significant determinations or resolutions made, often in the context of business or personal choices, with long-term impacts.