Explain the concept of joint venture as a business arrangement in brief
What will be an ideal response?
A joint venture is an arrangement in which two or more business entities combine their resources to pursue a single project or transaction. The parties to a joint venture are called joint venturers. Joint ventures resemble partnerships, except that partnerships are usually formed to pursue ongoing business operations rather than to focus on a single project or transaction. Unless otherwise agreed, joint venturers have equal rights to manage a joint venture. Joint venturers owe each other the fiduciary duties of loyalty and care. If a joint venturer violates these duties, it is liable for the damages the breach causes.
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When a subsidiary has borrowed cash from the parent company, the related receivable and payable are eliminated in preparing a consolidated balance sheet so that
a. stockholders' equity will not be understated. b. stockholders' equity will not be overstated. c. assets and liabilities will not be understated. d. assets and liabilities will not be overstated.
Both the comparative and the attribute approaches to performance measurement are
A. high on reliability. B. high on strategic congruence. C. low on acceptability. D. very low on specificity. E. very high on validity.
Why is it important for companies to embrace diversity and to commit to the changing demographics of our society?
What will be an ideal response?
Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.
A. management B. simplification C. competition D. collaboration