A standalone organization that two or more parent companies create and own together is a Blank______.Multiple choice question.licensing agreementnon-equity alliancefranchisejoint venture

A partnership that is based on contracts between companies is referred to as a(n) Blank______.Multiple choice question.non-equity alliancewholly owned subsidiaryallowance alliancediversification

The Blank______ is a relationship between two or more persons or corporations that is created for a specific business undertaking.Multiple choice question.joint venturelimited liability partnershipcooperativelimited partnership

A(n) Blank______ is when two firms agree to join and create a combined entity, and a(n) Blank______ is when one firm buys or takes over another firm.Multiple choice question.acquisition; mergerjoint venture; non-equity alliancemerger; acquisitionnon-equity alliance; joint venture

Multiple Choice QuestionBefore the owners of a corporation can establish the company's bylaws and elect a board of directors, they must receive a Blank______ from the state in which they are doing business.Multiple choice question.partnershipcorporate charterinitial public offeringdividend

The three mechanisms to govern alliances are non-equity alliances, equity alliances, and Blank______.Multiple choice question.licensing structurefranchisejoint venturewholly owned subsidiaries