Binary Corporation and Coda,Inc

question 30

Multiple Choice

Binary Corporation and Coda,Inc.,two software firms,wish to combine their research and development capabilities to make a special,limited edition computer game.The appropriate legal en?tity for this project is most likely

• A)a business trust.
• B)a joint stock company.
• C)a joint venture.
• D)a syndicate.

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Definitions:

Noninvestment Company

A company primarily engaged in businesses other than investing, reinvesting, owning, holding, or trading in securities.

Midsize-Business

A company that occupies the middle ground in terms of its size and revenue, between small businesses and large corporations.

Registration Requirements

Legal or regulatory mandates that entities must fulfill to register a product, business, or activity with the relevant authorities.

Noninvestment Company

A company whose primary business involves activities other than investing, reinvesting, owning, holding, or trading in securities.