A temporary association organized to perform a specific task requiring a large amount of capital is known as a(n)
A) conglomerate.
B) cooperative.
C) master limited partnership.
D) syndicate.
E) authority.

Question

Quizplus · Accepted Answer

A syndicate is a temporary association of individuals or firms organized to perform a specific task, usually to provide financial capital to a single large project or deal. Members of a syndicate share the risk and potential rewards of the venture.

A Temporary Association Organized to Perform a Specific Task Requiring