Which of the Following Is True Regarding Joint Ventures

question 60

Multiple Choice

Which of the following is true regarding joint ventures?

• A) Participants in a joint venture usually share profits equally, but share losses based on the percentage of contribution.
• B) Participants in a joint venture usually share losses equally, but share profits based on the percentage of contribution.
• C) The joint venture is not automatically terminated when one of the members dies.
• D) A joint venture requires the filing of a formal agreement with the state.
• E) Courts frequently apply sole proprietorship law to joint ventures.

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Definitions:

Uncertain Conclusions

Outcomes or findings that are not definitive or clear, often due to insufficient evidence or complexity.

Negative News

Reports or announcements that convey adverse or unwelcome information, often impacting public perception or sentiment.

Optimism

A mental attitude reflecting a belief or hope that the outcome of some specific endeavor, or outcomes in general, will be positive, favorable, and desirable.

Tactful

Showing sensitivity and thoughtfulness in dealing with others, especially in difficult or delicate situations.