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Orlov [11]
3 years ago
14

Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expre

ssway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This type of business enterprise is known as a _____.
Business
1 answer:
Marina CMI [18]3 years ago
7 0

Answer: Joint Venture

Explanation:

Joint Venture is a form of business whereby two parties will have to come together and utilize their resources and put their skills together as well in order to achieve a common goal.

Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This is a form of joint venture.

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d. Credit to the investment account for $9000.

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