A joint arrangement that is not structured through a separate vehicle is called:

Question

Quizplus · Accepted Answer

A joint operation is a joint arrangement where the parties involved have rights to the assets and obligations for the liabilities relating to the arrangement. It is not structured through a separate legal entity or vehicle, unlike a joint venture, which is a separate legal entity established by the parties involved. Option C is incorrect as it is describing a specific type of joint arrangement (expense joint venture or joint operation) rather than a general term. Option D is incorrect as a partnership involves a formal agreement between parties to carry out a business together, which is different from a joint arrangement.

A Joint Arrangement That Is Not Structured Through a Separate