Canadian Pacific Railroad holds 67% of a new resort development, and two other entities, a partnership and a corporation, own the balance of this:
A) Hotel Chain
B) Joint venture
C) Management company
D) Interval ownership
E) None of the above

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. In this case, Canadian Pacific Railroad and the two other entities have come together to develop a new resort, making it a joint venture.

Canadian Pacific Railroad Holds 67% of a New Resort Development