Companies May Have Several Reasons for Creating Joint Ventures

question 225

Multiple Choice

Companies may have several reasons for creating joint ventures. Which of the following statements is one reason why firms may decide to form a joint venture?

• A) They may wish to contract manufacture with each other.
• B) They will save time to market if they pool their technological know-how.
• C) These arrangements are always less risky than strategic alliances.
• D) These arrangements avoid the temptation to tap into marketing and management expertise of the parent companies.

Distinguish between divergent and convergent thinking and their applications in problem-solving.

Understand the implications of racial and cultural differences on standardized intelligence testing.

Recognize the importance of managing emotions in personal development.

Understand the correlation between creativity and intelligence.

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Definitions:

Standard Deviation

Indicates how dispersed the values in a data set are, relative to the mean of the set.

Chi-Square Values

Statistical measures used in hypothesis testing, especially to determine whether categorical variables are independent.

Interval Estimation

A range of values, calculated from sample data, that is likely to contain the value of an unknown population parameter.

Test Statistic

A value, derived from sample data, used in hypothesis testing to determine whether to reject the null hypothesis.