Which of the Following Best Describes a Joint Venture

question 71

Multiple Choice

Which of the following best describes a joint venture?

• A) It is a partnership with a foreign firm formed to achieve a specific goal or operate for a specific period of time.
• B) It is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide.
• C) It is the transference of leadership from one generation to the next to ensure continuity of family ownership of the business.
• D) It is insurance that protects a business in the event of a natural disaster that affects the ability of a company to conduct business.
• E) It is an agreement that considers the choice between making money or controlling and running a business.

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Definitions:

Tariffs and Trades

Government-imposed taxes on imported goods, often used to control trade balances and protect domestic industries.

Self-executing

describes a document, rule, or law that becomes effective immediately without the need for any additional action, enforcement, or formal ratification.

Non-self-executing

A term used to describe treaties or provisions that require additional legislation to be implemented domestically.

Treaties

Formal agreements between countries that are governed by international law.