Trout Corp

Multiple Choice

Trout Corp., Kirgo Ltd., and Sturgeon Inc., three of the leading construction companies in the United States, have decided to join hands and create a new cement manufacturing company.According to their agreement, Trout Corp.will have 50 percent equity, Kirgo Ltd.will have 20 percent equity, and Sturgeon Inc.will have 30 percent equity.In this given scenario, Sturgeon Inc.is referred to as a ________.

A) minority JV partner
B) majority JV partner
C) sole proprietor
D) franchisor