A _____ is when two or more companies form a special entity to undertake a specific project, usually for a specific period of time.
A)general partnership
B)limited-time partnership
C)joint venture
D)cooperative
E)C corporation

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. Each of the participants is responsible for profits, losses, and costs associated with the venture.

A _____ Is When Two or More Companies Form a Special