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Which one of the following is not the feature of a joint venture business?

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Question:

Which one of the following is not the feature of a joint venture business?

A.

Co-venture may or may not contribute initial capital.

B.

It has limited duration

C.

It is done for specific purpose

D.

Profit or loss on joint venture is shared as per their capital ratio.

Answer» d. Profit or loss on joint venture is shared as per their capital ratio.

Note: The above multiple-choice question is for all general and Competitive Exams in India.