Explain the concept of joint venture as a business arrangement in brief
What will be an ideal response?
A joint venture is an arrangement in which two or more business entities combine their resources to pursue a single project or transaction. The parties to a joint venture are called joint venturers. Joint ventures resemble partnerships, except that partnerships are usually formed to pursue ongoing business operations rather than to focus on a single project or transaction. Unless otherwise agreed, joint venturers have equal rights to manage a joint venture. Joint venturers owe each other the fiduciary duties of loyalty and care. If a joint venturer violates these duties, it is liable for the damages the breach causes.
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Orange Office Supply Corporation completed the following stock issuance transactions
Mar. 28 Issued 5,000 shares of $4 stated value common stock for cash of $20 per share May 1 Received merchandise inventory with a market value of $46,000 in exchange for 2,000 shares of the $4 stated value common stock. May 14 Issued 450 shares of 5%, $20 par value preferred stock for $50 per share Prepare the journal entries to record these transactions. Explanations are not required. What will be an ideal response
Which of the following is not a result of information overload?
A) Inability to differentiate between useful and useless information B) Inability to think deeply about complex situations C) Lower productivity D) Inability to respond to every message received E) Increase in employee stress