Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Discuss the following statement: "Joint ventures have unlimited life."

Sagot :

Baraq

A joint venture is a business organised by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.

What does the statement mean?

The statement "Joint ventures have unlimited life" implies that a business that is joint ownership will always give an avenue for continuity if one dies. It also gives room for proper funding as both owners will both be financing it and hence promotes it longevity.

Therefore, the implication or meaning of the statement is that there is always available person(s) to manage the affair and bear the risk of the business. Consequently, such business die hard.

learn more about Joint venture: https://brainly.com/question/9389546

#SPJ1

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.