Which of the Following Statements Is Not True of Joint

Multiple Choice

Which of the following statements is not true of joint ventures?

A) Joint ventures make economic sense when each party has limited use of an expensive asset.
B) Joint ventures are the most commonly used method of reducing the costs and risks of acquiring capital assets.
C) Some leasing companies have created an ownership structure similar to joint ventures,called fractional ownership.
D) A joint venture is a formalized partnership between two or more businesses for some specific purpose.