Multiple Choice
Firms A and B formally agree to each put up $25 million to create firm C. Firm C will perform environmental testing on the products produced by both Firm A and Firm B. Which one of the following terms describes Firm C?
A) Joint venture
B) Going-private transaction
C) Conglomerate
D) Subsidiary
E) Leveraged buyout
Correct Answer:
Verified
Correct Answer:
Verified
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