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JAMB Commerce 2003 Question 25

Question 25

Business Units

The business organisation established mainly for the purpose of carrying out specific assignments for a specific duration is a

  1. A.joint venture
  2. B.cooperative society
  3. C.partnership
  4. D.company.
Show the answer and explanation

Answer: A (joint venture)

Explanation

A joint venture is a temporary arrangement between parties to carry out a particular project and ends when it is done.