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1. Which of the following is not something both a joint venture and partnership have in common? a. It is possible to have owners share

1. Which of the following is not something both a joint venture and partnership have in common?
a. It is possible to have owners share equally in the management.
b. Partnership law is frequently applied to both organizations.
c. Both are created for an ongoing full business.
d. Partnerships and joint ventures are virtually the same from a legal standpoint.
e.

A formal agreement is not needed.

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