Which of the following is true regarding a joint venture?

Question

Quizplus · Accepted Answer

A joint venture is an arrangement where two or more businesses come together to jointly pursue a project or business opportunity.

Answer: B 
 Joint ventures do not necessarily resemble corporations in every way; they can have different legal formation requirements and organizational structures.

Answer: C 
 The parties involved in a joint venture are typically referred to as "joint venture partners" or "co-venturers," not "joint contractors."

Answer: False 
 Joint ventures are often used in international commerce, particularly when entering a new market.

Answer: False 
 Companies involved in a joint venture may need to register with certain government bodies, but it is not always required to register with the United States Secretary of State.

Which of the Following Is True Regarding a Joint Venture