Which of the following is not usually covered in a contractual arrangement establishing a joint arrangement.
A) Purpose, activity and duration of the arrangement
B) How management is appointed and compensated
C) Decision-making process that establishes joint control of the arrangement
D) How the parties share assets, liabilities, revenues expenses or profit or loss of the arrangement.

Question

Quizplus · Accepted Answer

Management appointment and compensation details are typically not covered in contracts establishing joint arrangements. These contracts usually focus on the purpose, activity, duration, decision-making processes, and sharing of financial outcomes rather than specifics on management roles and compensation.

Which of the Following Is Not Usually Covered in a Contractual