Question

A partnership formed to operate for a specific time period or to accomplish a specific purpose is known as a

A. Partnership
B. Joint venture
C. Syndicate
D. Sole proprietorship
E. Corporation

Answer 1

A partnership formed to operate for a specific time period or to accomplish a specific purpose is known as a joint venture. In a joint venture, two or more parties come together to collaborate and share resources in order to achieve a common goal.

Step-by-step explanation:

A partnership formed to operate for a specific time period or to accomplish a specific purpose is known as a joint venture. In a joint venture, two or more parties come together to collaborate and share resources in order to achieve a common goal. This type of business organization allows each partner to contribute their expertise and resources to the venture, while also sharing the risks and rewards.