A temporary association organised to perform a specific task requiring a large amount of capital is known as a(n)
A) conglomerate.
B) cooperative.
C) master limited partnership.
D) syndicate.
E) authority.

Question

Quizplus · Accepted Answer

A syndicate is a temporary association of individuals or firms organized to perform a specific task that requires a large amount of capital, such as underwriting a new issue of securities. The members of the syndicate agree to share the risk and the profits of the undertaking.

A Temporary Association Organised to Perform a Specific Task Requiring