Which of the Following Is Correct

question 14

Multiple Choice

Which of the following is correct?

• A) All joint arrangements which are not structured through a separate vehicle are classified as joint ventures;
• B) For a joint venture, the rights pertain to the rights and obligations associated with individual assets and liabilities, whereas with a joint operation, the rights and obligations pertain to the net assets.
• C) In considering the legal form of the separate vehicle if the legal form establishes rights to individual assets and obligations, the arrangement is a joint operation. If the legal form establishes rights to the net assets of the arrangement, then the arrangement is a joint venture.
• D) Where the joint operators have designed the joint arrangement so that its activities primarily aim to provide the parties with an output it will be classified as a joint venture.

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Definitions:

Organic Structures

An organizational form that is flexible, adaptive, and decentralized, facilitating responsiveness and creativity.

Mechanistic Structures

Describes organizational forms that are highly formalized and centralized, characterized by rigid hierarchies and clear, strict rules and procedures.

Hostile Environments

Refers to workplaces or settings that are unwelcoming and difficult to work in due to factors like harassment, discrimination, or unsafe conditions.

Job Specialization

involves the process of focusing an employee's responsibilities on a specific set of tasks, allowing for increased efficiency and expertise in those tasks.