Joint ventures are short-term partnerships between two or more companies to jointly develop, produce, or sell products
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A joint venture is an arrangement in which two or more firms join forces to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
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Which of the following is an example of a top-down budgeting technique used to determine how much a firm will allocate to its promotional activities?
A) the objective-task method B) the percentage-of-sales method C) the push-pull method D) the AIDA method E) the price lining method
The upper and lower limits for diving ring diameters made by John's Swimming Co are 40 and 39 cm., respectively. John took 11 samples with the following average diameters (39, 39.1, 39.2, 39.3, 39.4, 39.5 39.6, 39.7, 39.8, 39.9, 40)
Is the process in control? A) Yes, no diameters exceeded the control limits. B) No, some diameters exceeded the control limits. C) No, there is a distinguishable pattern to the samples. D) No, the range is not in control. E) There is not enough information to make a decision.