Please highlight the true chice for these 3 questions and (bold the answer)

A joint venture is a type of where partners fund a separate entity to manage their Joint operation. a. licensing abreement b. informal agreement c. FDlalliance d. strategicalliance 13 Which of the following is a characteristic of a planned economic system? a. The government controls the distribution of all goods and services b. The government has no control over the distribution of all goods and services c. Communism is an example of a planned system at the lowest level d. All of the above 14 What is a major issue (problem) with partnerships and sole proprietorships? a. Unlimited Ilability b. Each partner is liable for his/her actions along with all the other partners, if any c. You could be sued (taken to court) d. All of the above 15 When an economy faces a slowdown in activity, it is referred to as a. prosperity b. a recession c. recovery d. a depression 16 Which of the following is not a functionalarea of business? a. Finance b. Management c. Operations d. Counselling