Asked by
Udochukwu Faith Amadi
on Nov 09, 2024
Verified
Which of the following is created to complete a specified purpose and is limited in duration?
A) sole proprietorship
B) joint venture
C) C corporation
D) S corporation
Joint Venture
A business arrangement where two or more parties agree to combine their resources for accomplishing a specific task, sharing profits, losses, and control.
Specified Purpose
A defined goal or objective that a project or venture aims to achieve.
- Describe the purpose and structure of joint ventures and limited partnerships.
Verified Answer
HS
Learning Objectives
- Describe the purpose and structure of joint ventures and limited partnerships.
Related questions
Heall Aircraft and G&H Airways, Two Companies Based in the ...
In the Context of Internationalization Entry Tactics, Which of the ...
Hrotton Pumps, a Leading Pump Manufacturer in Lisdon, Decides to ...
BuildTow, a Construction Company Based in the Country of Neora; ...
Does the President of Kool Science Have the Authority to ...