What are the characteristics of a formal writing style? Check all that apply.

A company's return on equity is equal to ________

A) net profit divided by retention equity B) net profit divided by value equity C) net profit divided by customer's equity D) net profit divided by owner's equity E) net profit divided by company's liability

Nestle and General Mills created Cereal Partners Worldwide to compete effectively in the European market. Cereal Partners Worldwide is owned equally by the two firms, so CPW is an example of a(n) ________

A) franchising arrangement B) acquisition strategy C) joint venture D) FDI