A joint venture is a business organised by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.
<h3>What does the statement mean?</h3>
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.
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Answer:
D. Quality
Explanation:
Out of the 10 operation management decisions, Frito Lay is specifically targeting the <em>Managing Quality</em> which establishes through market research the expectations of quality of the client in order to be able to plan the necessary actions to achieve the quality that the client expects of the product.
In this case Frito Lay identifies the quality needed (passing grade in quality control) and utilices the necessary actions to achieve the quality desired (statistical process controls).
Answer:
DR. CR.
Inventory Premium $6,880
Cash $
6,880
Cash $
339,200
Sales $
339,200
Premium Expense $3,464
Inventory Premium $3,464
Premium Expense $1,624
Premium Liability $1,624
Explanation:
Inventory Premium = 8,600 x $0.80 = $6,880
Sales = 106,000 unit x $3.20 = $339,200
Premium Expense = (43,300/10) x $0.8 = $3,464
Premium Liability = (((106,000 x 60%) - 43,300) / 10) x $0.8 = $1,624
Answer:
A. Decrease in inventory
Explanation:
A decrease in inventory means that inventory is being sold therefore there is consequently a increase in cash.
Answer: a counteroffer
Explanation:
From the question, we are informed that Valley Farms offers to sell Whole Harvest Bakeries, Inc., five hundred bushels of wheat and that Whole Harvest responds by saying "We agree to buy five hundred bushels only if the wheat is Grade A quality."
The above statement is s counteroffer. A counteroffer is a response that is given based on an initial offer and it happens mostly when the initial offer is not accepted and therefore it is replaced with another offer.