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Which of the Following Is a New Entity That Is

question 65

Multiple Choice

Which of the following is a new entity that is created when two or more separate firms come together to share development and/or production costs?


Definitions:

Liability

The condition of having legal accountability, especially regarding debts or legal duties.

Control

The power to direct the management and policies of a company or organization, often through ownership of a majority of shares.

Expansion

Expansion refers to the process of growing or enlarging the scale, scope, or reach of something, such as a business, territory, or concept.

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