Bpm corp. is a manufacturer of radar systems for regional-sized jet aircraft. the company has announced plans to enter into a joint venture with j3 composites, a producer of advanced composite materials. the announced venture will produce a new, combined product consisting of the radar unit and protective composite cover. which of the following ownership arrangements would be most typical for a joint venture a. bpm will own more than 50 percent of the venture and a new company will be formed. b. bpm and j3 will both own 50 percent of the venture but no new company will be formed. c. bpm and j3 will both own 50 percent of the venture and a new company will be formed. d. j3 will own more than 50 percent of the venture and a new company will be formed.
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