A joint venture is a(an): a. Association limited to no more than ...

[tth]

A joint venture is a(an):
 a. Association limited to no more than two persons in business for profit.
  b. Enterprise of numerous co-owners in a nonprofit undertaking.
  c. Corporate enterprise for a single undertaking of limited duration.
  d. Association of persons engaged as co-owners in a single undertaking for profit.

Question 2

You work for a securities firm matching orders to buy and sell stocks in small companies. A customer places an order to buy 100 shares of X Corp when they sell for 40 a share. You find a seller at 39 per share. May you buy the shares yourself at 39 and then sell them for 40 to you client?
 a. yes, there is no legal or ethical constraint on this since the order was 40 per share
  b. so long as you regard this as ethical, there is no legal constraint since the order was 40 per share
  c. the SEC places no constraint on this, but in equity the law would require you to sell to your client at 39 d. no, specialists cannot deal for their own benefit
  e. none of the other choices

[manuelcastillo]

Answer to Question 1

.C

Answer to Question 2

d

[tth]

Gracias!

[Missbam101]

Thanks for the timely response, appreciate it