Joint Venture resembles a _____________ and is taxed like a partnership. Most courts apply the same principles to joint ventures as partnerships. Owe each other fiduciary duties.

Preferred stock is called a hybrid security because

A) it is most frequently issued by hybrid seed-producing companies. B) it has the same features as common stock but offers a greater dividend. C) it has characteristics of both common stock and bonds. D) it has the same features as bonds but offers a share in the issuer's earnings.

In Petaluma, California, electric power is provided to consumers by Pacific Power. Each month Pacific Power mails bills to 186,000 households and then processes payments as they are received. What is the best way for this business to ensure that payment data entry is efficient and accurate?

A) well-designed paper forms B) source data automation C) turnaround documents D) sequentially numbered bills