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20 April, 06:23

Two or more businesses or individuals may join together temporarily for many business reasons including to perform a specific task. If they join together to raise a large amount of capital for that specific task, what type of organization have they created?

a. Syndicate

b. S corporation

c. Joint venture

d. Limited liability company

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Answers (1)
  1. 20 April, 09:45
    0
    Syndicate

    Explanation:

    Syndicate means a self sustaining organization, company, group, business etc established so as to pursue or promote certain business growth or a common interest. Such organization is made up of people who desires to work together as a team to achieve common goals. An example of a syndicate occurs when certain people decides to come together and raise funds for a particular project.
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