Dairy Products, Inc., and Eden Farms Corporation form a joint venture to make and test-market Frosty Ice Cream. A joint venture is usually formed for

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A joint venture is typically formed for a single transaction or project, as stated in choice B. While joint ventures can have varying lengths of existence, they are generally formed with a specific purpose or goal in mind, rather than as a perpetual business entity. Choices A and C both specify time limitations, which may or may not be accurate for a joint venture depending on the specific circumstances. Choice D is not a typical characteristic of a joint venture, as joint ventures are usually formed with a specific end goal and limited duration.