A Is a Relationship Between Two or More Persons or Corporations

question 58

Multiple Choice

A is a relationship between two or more persons or corporations set up for a specific business undertaking or a limited time period.

• A) general partnership
• B) joint venture
• C) syndicate
• D) franchise

---

Definitions:

Return on Sales

A financial metric used to evaluate a company's operational efficiency by dividing net income by revenue.

Financial Statements

Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Stock Market

A trading platform where shares, representing ownership in companies, are exchanged.

Inventory Turnover

A financial ratio indicating how many times a company's inventory is sold and replaced over a specified period, assessing efficiency in managing stock.