A __________ is an association of two or more entities for the purpose of achieving a specific goal,such as the manufacture of a product in a new market.
A)Limited partnership.
B)Limited liability company.
C)S corporation.
D)Joint venture.

Question

Quizplus · Accepted Answer

A joint venture is a type of partnership in which two or more companies or individuals come together to achieve a specific goal or complete a specific project. The joint venture is typically formed for a limited duration, after which the participating entities may choose to continue or dissolve the partnership. In the case described in the question, a joint venture would be an appropriate choice because the entities are working together to manufacture a product in a new market. The joint venture would provide a legal framework to allow the entities to pool their resources, expertise, and knowledge to achieve their goal.

A __________ Is an Association of Two or More Entities