Which of the following is a characteristic of an equity joint venture?
A) simple management structure
B) facilitates knowledge transfer between partners
C) easy to terminate
D) lesser exposure to political risk
Question 2
A consortium is defined as ________.
A) the purchase of an existing company or facility
B) two partners forming a new legal entity
C) an equity venture to consolidate the value chain
D) multiple partners participating on a large-scale project