Which of the Following Concerning the Distinction Between Joint Operations

question 49

Multiple Choice

Which of the following concerning the distinction between joint operations and joint ventures is correct?

• A) In a joint operation, the investor has rights to the net assets of the arrangement; in a joint venture, the investor has rights and obligations related to the specific assets and liabilities of the arrangement.
• B) In a joint venture, the investor has rights to the net assets of the arrangement; in a joint operation, the investor has rights and obligations related to the specific assets and liabilities of the arrangement.
• C) A joint operation is always an unincorporated business; a joint venture is always an incorporated business.
• D) In a joint operation, all investors must share control; in a joint venture, investors holding a majority of voting rights may share control.

---

Definitions:

Financial Section

A part of a business plan or report that contains detailed information about the company's financial status, projections, and strategies.

Pitch Decks

A presentation used by entrepreneurs to provide a quick overview of their business plan and vision to potential investors.

Eric Ries

An entrepreneur and author known for advocating the Lean Startup methodology, which focuses on creating and managing startups in a more efficient and cost-effective way.

The Lean Startup

A business approach that advocates for creating and managing startups in a more efficient way by developing products that customers actually want.