A Partnership Formed to Operate for a Specific Time Period

question 23

Multiple Choice

A partnership formed to operate for a specific time period or to accomplish a specific purpose is known as a

• A) conglomerate.
• B) cooperative.
• C) joint venture.
• D) corporation.
• E) joint merger.

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Definitions:

Accelerating Change

The phenomenon where change occurs at an increasing rate, often observed in technology, business strategies, and societal transformation.

Mechanizing Functions

Mechanizing functions refers to the process of automating tasks or operations, typically through the use of machinery or technology, to increase efficiency and reduce human labor.

Management Practices

The methods, strategies, and techniques employed by managers to improve efficiency and achieve organizational objectives.

High Values

Principles or standards considered to be of great importance or virtue, guiding moral judgment and behavior.