Business Studies

A joint venture must be based on a memorandum of understanding signed by both the parties highlighting the basis of a joint venture agreement.


ANSWER

True


SOLUTION
A joint venture must be based on a memorandum of understanding signed by both the parties highlighting the basis of a joint venture agreement. The terms should be thoroughly discussed and negotiated to avoid any legal complications at a later stage.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


TRUE/FALSE Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 201
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
How is an MNC defined?
  • A. A MNC is a company that owns or controls production in more than one district in a country
  • B. A MNC is a company that owns or controls production in more than one state in a country
  • C. A MNC is a company that owns or controls production in more than one nation
  • D. All of the above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 TRUE/FALSE Medium
When two businesses enter into a joint venture, one of the parties benefits from the others goodwill which has already been established in the market.
  • A. True
  • B. False

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 TRUE/FALSE Medium
Government companies are established for business purposes.
  • A. True
  • B. False

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
The chief characteristic(s) of public enterprises is/are __.
$$(1)$$ Autonomous or semi-autonomous organization
$$(2)$$ Financed, owned & managed by the government
$$(3)$$ Primary objective of the establishment of public enterprises is to serve the public at lot of profit.
  • A. $$(3)$$ & $$(2)$$
  • B. $$(2)$$ & $$(1)$$
  • C. $$(1), (2)$$ & $$(3)$$
  • D. $$(1)$$ & $$(2)$$

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
_____ makes it possible to execute large projects requiring huge capital outlays and manpower.
  • A. Wholly Owned Subsidiaries
  • B. Franchising
  • C. Joint venture
  • D. Contract manufacturing

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer