Build-Rite Construction Corporation and Deals-R-Us, Inc., combine their efforts to build an office and retail complex. Their form of business organization is

Question

Quizplus · Accepted Answer

A joint venture is a form of business organization in which two or more parties agree to pool their resources and expertise to accomplish a specific task, such as building a new office and retail complex. This allows each party to share in the risks and rewards of the project, while retaining their individual legal status as separate entities. A business trust, joint stock company, and syndicate are all different forms of business organization that do not fit the description of the scenario presented in the question.