One of these is not a similarity between Joint Venture and Partnership.
A
AIM is profit making
B
It is for a specific venture
C
Involves two people
Dhave rights and duties
Answer is B
The main difference between a joint venture and a partnership is that the members of a joint venture have teamed together for a particular purpose or project, while the members of a partnership have joined together to run “a business in common”. Each member of the joint venture retains ownership of his or her property.
