A ________ is an arrangement in which two or more business entities combine their resources to pursue a single project or transaction.

Question

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A joint venture is an agreement between two or more parties to pool resources and expertise for a specific project or transaction. In a joint venture, each party contributes assets and shares both the risks and rewards of the venture. General partnerships are a type of business entity where each partner shares equally in the profits and losses of the business. Sole proprietorships are businesses owned and operated by a single individual, and franchises are a type of business model where a larger company grants the right to use its brand and operating system to a smaller business in exchange for fees and royalties. None of these options accurately describe the arrangement of two or more entities combining their resources for a single project or transaction, making joint venture the best choice.

A ________ Is an Arrangement in Which Two or More