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:

Power

The capacity or ability to direct or influence the behavior of others or the course of events, often held by individuals or groups in social contexts.

Coercive Power

A form of power that is derived through the ability to punish or sanction others when they do not comply with demands or expectations.

Predominantly Immigrant

Refers to communities or areas where the majority of the population consists of immigrants.