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which of the following is true of a joint stock company? select one: a. it is a mixture of a corporation and a joint venture. b. it is a mixture of a limited liability company and a sole proprietorship. c. it is a mixture of a partnership and a sole proprietorship. d. it is a mixture of a corporation and a partnership.

Respuesta :

The right answer is A. It is a hybrid of a joint venture and a company.

How does a joint venture operate and what is it?

Any joint venture (JV) is just an agreement between two or more parties to combine their resources in order to carry out a certain objective. A big initiative or any other type of commercial activity can be this task. Each partner in a joint venture is responsible for the business's profits, losses, and costs.

What do joint ventures serve as a vehicle for?

The creation of a joint venture may be motivated by corporate growth, the creation of new products, or the new markets, particularly those abroad. You may have cutting-edge concepts and goods, and your company may have significant growth potential.

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