Which of the Following Is True of a Joint Venture

question 48

Multiple Choice

Which of the following is true of a joint venture corporation?

• A)The joint venturers are personally liable for debts of the joint venture corporation.
• B)Joint venturers do not owe each other fiduciary duties as a venture is a single business transaction.
• C)The management rights of joint venturers in a joint venture are divided by the ratio of their capital investment.
• D)Each joint venture is liable for the debts and obligations of the joint venture.

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Definitions:

Unknown Parameters

Quantities in a statistical model that are not known a priori but are estimated from data.

P-values

The probability of observing a statistic as extreme as, or more extreme than, the statistic observed under the assumption that the null hypothesis is true.

Two-sided

Pertaining to hypothesis tests that consider deviations in both directions away from a specified null hypothesis.

One-sided

A term used in hypothesis testing to describe a test where the alternative hypothesis specifies a direction of the difference or effect.