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 was an example of which of the following?
A) a general partnership
B) a cooperative
C) a limited-time partnership
D) a joint venture

Question

Quizplus · Accepted Answer

Concerts was a joint venture between AT&T and British Telecom, which is a type of partnership where both companies collaborate together for a specific business purpose.

AT&T and British Telecom,two of the Largest Communications Companies in the World,allied