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. minority interest
D. product extension merger


Answer: B

Business

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Average inventory equals $200,000, and cost of goods sold equals $442,000. Days' inventory on hand equals

A) 165.2 days. B) Not enough information available to answer the question. C) 154.3 days. D) 188.7 days.

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Select the process type that is mismatched with the corresponding process characteristic.

a. Job shop ? Low equipment flexibility b. Batch ? High product variety c. Continuous ? Very high output volume d. Assembly line ? Low/medium product variety

Business

The relevant risk, the risk for which investors should be compensated, is that portion of the total risk that cannot be diversified away.?

Answer the following statement true (T) or false (F)

Business

The most important influences on the development of law today are criminal law and civil law

Indicate whether the statement is true or false

Business