HydroCan and Ozo of Asia Work Together to Research and Develop

question 221

Multiple Choice

HydroCan and Ozo of Asia work together to research and develop water filtration. They have been manufacturing two water filters in the Asia plant. With regard to this strategic alliance, which of the following is true?

• A) A clear vision of the future of the venture must be held by at least one of HydroCan or Ozo for it to be a success.
• B) Partner compatibility is guaranteed by financial agreements at the outset.
• C) The satisfaction of Ozo must be assured for it to work, since it is the most influential party.
• D) Each party agrees to cooperate for mutual benefit.
• E) All of these are true.

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Definitions:

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Syndicate

An investment group that comes together for the explicit purpose of financing a specific large project.

Limited Partnership

A business structure where at least one general partner manages the business and is personally liable, while limited partners provide capital but have limited liability.

Sole Proprietorship

A business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.