All of the Following Are Considered to Be Important Factors

All of the following are considered to be important factors associated with joint ventures EXCEPT:

A) JVs are normally between individuals rather than organizations.
B) JVs are established, separate, legal entities.
C) they acknowledge intent by the partners to share in the management of the JV.
D) they are partnerships between legally incorporated entities such as companies, chartered organizations, or governments.
E) equity positions are held by each of the partners.