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:

Eustashian

Likely a misspelling of "Eustachian," relating to the Eustachian tube that connects the middle ear to the nasopharynx, helping equalize air pressure.

Keflex

A brand name for the antibiotic cephalexin, used to treat a wide variety of bacterial infections by inhibiting cell wall synthesis.

Antibiotic

A type of medication used to treat bacterial infections by killing or inhibiting the growth of bacteria.

Analgesic

A type of medication that is used to relieve pain without causing loss of consciousness.