The Members of a Joint Venture Have More Implied and Apparent

question 23

True/False

The members of a joint venture have more implied and apparent authority than the partners in a partnership.

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Definitions:

Business Organizations

Entities set up to carry out commercial enterprises, including corporations, partnerships, and sole proprietorships.

Ethical Issue

An identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical.