A is an investment group that privately agrees to come together for the purpose of financing a large commercial project that none of the members could finance alone.

Question

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A syndicate is a group of individuals or organizations that come together to finance a particular project or venture. In this case, the members of the syndicate are agreeing to jointly finance a large commercial project that none of them could finance alone. The other options (joint stock company, joint venture, franchise) typically involve different types of business structures and arrangements, and do not necessarily imply a group of investors coming together to finance a project.

A Is an Investment Group That Privately Agrees to Come