A ________ Is the Joining of Two Firms in Order

question 22

Multiple Choice

A ________ is the joining of two firms in order to form a third company in which the equity is shared. 

• A) majority interest
• B) joint venture
• C) product extension merger
• D) minority interest

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Definitions:

Machining Department

A specific division within a manufacturing plant where machining, a process of shaping metal or other materials, is carried out.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate indirect costs to products or services based on a consistent activity measure.

Machine-Hours

A measure of production volume that records the number of hours machinery is in operation.

Milling Department

A division within a manufacturing facility where material, such as metal or wood, is shaped and finished using milling machines.