Which of the Following Is True Regarding Joint Ventures

question 77

Multiple Choice

Which of the following is true regarding joint ventures?

• A)Generally,joint ventures are taxed like corporations.
• B)If one of the members of a joint venture dies,the joint venture is automatically terminated.
• C)Members of a joint venture are agents of the other members.
• D)A joint venture may be formed without drawing up a formal agreement.
• E)Courts frequently apply sole proprietorship law to joint ventures.

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Definitions:

Phenotype

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.

Environmental Influences

Factors within the environment, such as social, physical, and cultural elements, that can affect an individual’s behavior, development, and well-being.

Genotype

The genetic makeup of an organism, consisting of both the genes visible in the traits and those that are latent.

Phenotype

The observable characteristics or traits of an organism that are produced by the interaction of its genotype with the environment.