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The business organization established mainly for the purpose of carrying out specific assignment for a...

Commerce
JAMB 2015

The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a

  • A. Partnership
  • B. Company
  • C. Joint venture
  • D. Co-operative society
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Correct Answer: Option C
Explanation

Option C is the correct because joint ventures are established in order to accomplishment a specific purpose. The ventures cease to operate once the purpose is accomplished.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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