Question

a unique business organized by two or more other businesses to operate for a limited time and for a specific project is a ______. * 3 poi
franchise
limited liability partnership
joint venture
limited liability company
the direction for a business comes from its ______. * 3 points
mission statement
code of ethics
corporate bylaws
policy manual
the obligation to complete specific work is called ______. * 3 points
accountability
responsibility
span of control
authority

Explanation:

1. A joint - venture is a business formed by two or more entities for a specific project and a limited time. A franchise is a business model where one party (franchisor) allows another (franchisee) to operate under its brand. A limited - liability partnership and a limited - liability company are types of business structures with specific liability rules.
2. A mission statement defines the purpose and direction of a business. A code of ethics outlines moral principles, corporate bylaws are internal rules, and a policy manual contains operational policies.
3. Responsibility is the obligation to complete specific work. Accountability is about being answerable for results, span of control is about the number of subordinates a manager oversees, and authority is the right to give commands.

Answer:

1. C. joint venture
2. A. mission statement
3. B. responsibility