Which Statement Is Not Correct About "Joint Arrangements

question 21

Multiple Choice

Which statement is not correct about "joint arrangements"?

• A)Joint arrangements usually have a limited life and a defined set of objectives or activities.
• B)A joint arrangement is the same as a partnership for financial accounting purposes.
• C)Unanimous consent for all decisions is required of all parties.
• D)There is a contractually agreed sharing of control over economic activities.

---

Definitions:

Classroom Volunteers

Individuals who offer their time and skills to assist teachers and support students' learning in a classroom setting.

Positive Experience

Any event, situation, or interaction that results in a beneficial impact on an individual's feelings, perceptions, or life situation.

Compensation

The act of providing something, typically money, in recognition of loss, suffering, or injury incurred; or in a business context, the total of all rewards provided to employees in return for their services.

Self-Preservation

The instinct or behavior aimed at ensuring one's own safety and well-being, especially in response to threats.