A Partnership That Is Created to Complete a Specified Purpose

question 2

Multiple Choice

A partnership that is created to complete a specified purpose and is limited in duration is called a ______.

• A) general partnership
• B) limited partnership
• C) corporation
• D) joint venture

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Definitions:

Diverse Interests

A term indicating a mixture of agendas, priorities, or concerns among individuals or groups in a given context.

Local And National Unions

Labor unions that operate at the local level, representing workers from specific workplaces or regions, and their overarching national bodies which represent the broader interests of workers across various sectors.

Landrum-Griffin Act

A U.S. law enacted in 1959, formally known as the Labor-Management Reporting and Disclosure Act, aimed at regulating labor unions' internal affairs and their officials' relationships with employers.

Union Democracy

The principles and practices ensuring democratic governance and decision-making within labor unions.