The Essential Element Which Would Distinguish the Business Undertaking BKT

The essential element which would distinguish the business undertaking BKT Enterprises as a partnership and not a joint venture operation would be:

A) The business undertaking makes a profit in the year.
B) There is no joint control agreement so that the undertaking is neither a joint venture entity nor a joint venture operation.
C) The business activity is an undertaking formed by the investors with the intention of making a profit.
D) None of the above.