Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
Question
Chapter 4.7B, Problem 1CC
Summary Introduction

To determine: Defining a joint venture and a syndicate.

Introduction: A joint venture is a brief business organization between at least two people or an association for profit without framing a lasting organization, company, or different business entity. A syndicate is a gathering of providers or guarantors that meet up to share or take an interest in a particular loan or venture.

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