The Significant Difference Between a Joint Venture and Partnership Is

question 39

Multiple Choice

The significant difference between a joint venture and partnership is that:

• A) joint venturers sometimes are held to have less implied and apparent authority than partners.
• B) a joint venture relates to a continuing business, and a partnership relates to a single enterprise.
• C) the requirement for joint ventures is more formal in comparison with partnership agreements.
• D) joint ventures unlike partnership agreements come into existence only when there is an express contract.

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Definitions:

Effective Options

Viable and efficient choices or strategies that can be implemented to achieve desired outcomes.

Immunosuppression

A reduction in the efficacy of the immune system, either naturally, as in some diseases, or induced, as by certain medications.

Defense System

The defense system is a psychological mechanism utilized to cope with reality and to maintain self-image by unconsciously denying or distorting reality.

Biofeedback

A technique that trains individuals to improve their health by controlling certain bodily processes that normally happen involuntarily, such as heart rate.