Which of the following is true of a joint venture corporation?
A) The joint venturers are personally liable for debts of the joint venture corporation.
B) Joint venturers do not owe each other fiduciary duties as a venture is a single business transaction.
C) The management rights of joint venturers in a joint venture are divided in ratio of their capital investment.
D) Each joint venture is liable for the debts and obligations of the joint venture.
D
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The budget procedures used by a large manufacturer of automobiles would probably not differ from those used by a small manufacturer of paper products
Indicate whether the statement is true or false
When a company pays cash to repurchase its own common stock, this is reported as a cash outflow in the financing activities section of the statement of cash flows.
Answer the following statement true (T) or false (F)
All of the following are factors that affect a company's sustainability profile except
A. facility locations. B. the extent of its supply chain as a closed-loop system. C. sourcing of materials and goods. D. initiatives taken by competitors regarding sustainability. E. transportation mode selection.
The most common reason that ethical problems occur in business is an overemphasis on long-run profit maximization.
Answer the following statement true (T) or false (F)