Finance Unbox-ED ($) - Grade 6-8 - Session 019 - Quiz 1

Joint venture is an arrangement where two or more people or businesses come together for a specific goal or for a specific period of time

• True
• False

Once the goal for which a joint venture was created is achieved or time period for which it was created is over the joint venture is closed

• True
• False

Joint venture partners have the same or similar skill sets so that they can work well together

• True
• False

Select all the business forms in which a joint venture can be created

• Sole Proprietorships
• Partnerships
• Limited Liability Partnerships
• Companies

Joint venture partners will be personally liable if they create the joint venture in which business form

• Partnerships
• Limited Liability Partnerships
• Companies
• None of the above