The concept of joint control:
A) includes unilateral control.
B) includes significant influence.
C) excludes unilateral control and significant influence.
D) none of the above.

Question

Quizplus · Accepted Answer

Joint control refers to the sharing of control over an arrangement with one or more parties. It excludes unilateral control, which is control exerted by a single party over an arrangement, and significant influence, which is the ability to exert influence over the operating and financial policies of an entity without having control over it. Therefore, option C is the correct answer.

The Concept of Joint Control