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Q. |
Which one of the following is not the feature of a joint venture business? |
A. | Co-venture may or may not contribute initial capital. |
B. | It has limited duration |
C. | It is done for specific purpose |
D. | Profit or loss on joint venture is shared as per their capital ratio. |
Answer» D. Profit or loss on joint venture is shared as per their capital ratio. |
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