In an endeavor where neither party can achieve its purpose alone, a _____ becomes a viable option.
A) joint venture
B) proprietorship
C) corporate charter
D) buy-sell agreement

Question

Quizplus · Accepted Answer

A joint venture is a partnership between two or more parties where each contributes their resources and expertise to achieve a common goal. It is a viable option when neither party can achieve its purpose alone, as both parties can benefit from the joint venture's combined resources and expertise. Proprietorship, corporate charter, and buy-sell agreement are not relevant options in this scenario.

In an Endeavor Where Neither Party Can Achieve Its Purpose