Question

Select the proper option from the options given below and rewrite the sentences.

Joint venture is a ________ partnership.

(a) temporary
(b) permanent
(c) infinite time

Answer 1

Joint venture is a temporary partnership.

Explanation:
A joint venture is a temporary partnership, as it is a business agreement in which two or more organisations come together for mutual benefits and gains for a fixed period of time. Business organisations in a joint venture share physical, financial and human resources and also the risks and profits of the business.
The correct option is A.