When a company invests in a foreign firm and holds active ownership of the firm, then the company is said to be in a joint venture with the foreign firm. a. true b. false?

FALSE

As the name suggests, a joint venture is a joint agreement between two or more parties or companies where both maintain their individuality. For example:
when a domestic company buys a part of a foreign company or joins with any foreign company or firm, both hold their equal rights in the new entity. In a joint venture the ownership is shared between the companies or firms.

Explanation:

Remember, Self-reflection involves an honest evaluation of oneself. Thus, consider this self-reflective example of a student who performed poorly mathematics.

1. What did I do well? (Be specific.); I attended all the maths classes.

2. What did I miss, and why?: I failed to study the course material well and didn't pay full attention in class, because I felt overconfident about passing the course.

3. What should I have done differently?: I needed to give the course material my full attention, and I would have asked my friends who knew the course material well for assistance.

4. If I faced the same test again, would I do better now? Why? : Yes, because I now know what I did wrong.