Reference no: EM132931212

Question 1: __________ is defined as an arrangement in which two or more parties have joint control.

Option 1: Joint operation

Option 2: Joint venture

Option 3: Joint arrangement

Option 4: Joint undertaking

Question 2: What is a characteristic of a joint arrangement?

Option 1: The parties are bound by a contractual arrangement which gives two or more parties joint control over the arrangment.

Option 2: The parties are bound by a contractual arrangement.

Option 3: The parties are bound by a contractual arrangement which gives two or more parties absolute control over the arrangement.

Option 4: The contractual arrangement gives two or more parties joint control over the arrangement.

Question 3:  __________ is characterized by a contractual arrangement whereby two or more parties have a joint control of the arrangement.

Option 1: Joint arrangement

Option 2: Joint venture

Option 3: Jointly controlled asset

Option 4: Joint operation