AT&T and British Telecom, two of the largest communications companies in the world, allied to create a company called Concerts to investigate the profitability of providing telecommunications services for multinational companies. Concerts is an example of which of the following?
A) general partnership
B) cooperative
C) limited-time partnership
D) joint venture

Question

Quizplus · Accepted Answer

Concerts is a joint venture because it involves two large companies coming together to create a separate entity to investigate a specific business opportunity. A joint venture is a type of partnership where two or more companies agree to work together for a specific project or period.

AT&T and British Telecom, Two of the Largest Communications Companies