A ________ Is a Separate Company Created and Owned by Two

question 26

Multiple Choice

A ________ is a separate company created and owned by two or more independent entities to achieve a common business objective.

• A) wholly owned subsidiary
• B) joint venture
• C) strategic alliance
• D) turnkey project

---

Definitions:

Substantially Impair

To significantly weaken or reduce the ability, value, or function of something.

Reject

To refuse to accept, submit to, believe, or make use of something.

Perfect Tender Rule

Requirement that the seller deliver the goods in conformity with the contract, down to the last detail.

Local

Pertaining to or occurring in a particular area, community, or jurisdiction, not widespread or general.