Answered

Dive into the world of knowledge and get your queries resolved at IDNLearn.com. Ask your questions and receive reliable and comprehensive answers from our dedicated community of professionals.

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

Sagot :

Baraqidn

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

We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for trusting IDNLearn.com with your questions. Visit us again for clear, concise, and accurate answers.