AT&T and British Telecom, Two of the Largest Communications Companies

question 95

Multiple Choice

AT&T and British Telecom, two of the largest communications companies in the world, allied to create a company called Concerts to investigate the profitability of providing telecommunications services for multinational companies. Concerts is an example of which of the following?

• A) general partnership
• B) cooperative
• C) limited-time partnership
• D) joint venture

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Definitions:

Transferor

The party who transfers rights or property to another party, the transferee.

Unauthorized Signature

The signing of a document by a person who does not have the legal authority or permission to do so.

Instrument

A formal legal document that evidences an agreement, right, or obligation, such as a contract, will, promissory note, or share certificate.

Treasurer Liability

The financial responsibilities borne by the treasurer of an organization, including managing funds and financial risk.