BPM Corp Is a Manufacturer of Radar Systems for Regional-Sized Jet

question 2

Multiple Choice

BPM Corp. is a manufacturer of radar systems for regional-sized jet aircraft. The company has announced plans to enter into a joint venture with J3 Composites, a producer of advanced composite materials. The announced venture will produce a new, combined product consisting of the radar unit and protective composite cover. Which of the following ownership arrangements would be most typical for a joint venture?

• A) BPM will own more than 50 percent of the venture and a new company will be formed.
• B) J3 will own more than 50 percent of the venture and a new company will be formed.
• C) BPM and J3 will both own 50 percent of the venture and a new company will be formed.
• D) BPM and J3 will both own 50 percent of the venture but no new company will be formed.

---

Definitions:

Auditory Nerve

The nerve that carries sound signals from the inner ear to the brain, enabling hearing.

Crystalline Lens

The transparent, flexible structure behind the iris of the eye that helps to focus light on the retina, allowing for clear vision.

Cataract

A medical condition where the lens of the eye becomes progressively opaque, resulting in blurred vision.

Refracting

The bending of light as it passes through one medium to another, which is a principle used in lenses to correct vision.