What describes a business arrangement where partners pursue a single business objective through related projects?

The correct answer is a joint venture because it specifically refers to a business arrangement where two or more parties collaborate to achieve a common goal, typically by working on related projects. In a joint venture, the partners combine their resources, expertise, and efforts to pursue a specified business objective, often for a limited time and purpose. This structure allows the entities involved to share risks, costs, and profits while maintaining their individual legal status.

Joint ventures are often seen in industries such as real estate, construction, and technology, where the collaboration can lead to innovative solutions or the ability to take on larger projects than any of the partners could manage individually.

In contrast, other options like joint tenancy refer to the ownership of property by two or more individuals and do not involve business objectives. A partnership is a more general term that describes an arrangement where two or more individuals manage and operate a business together, but it doesn’t necessarily focus on a single project or objective. Meanwhile, a corporation is a legal entity separate from its owners, designed for larger, often more complex business operations and does not align with the idea of partners pursuing a single objective through related projects in the same way a joint venture does.