Sole proprietorships Multiple Choice allow a member of the deceased partner's family take over as a partner. are perpetual. continue even upon the death of the owner. have no time limit on how long they may exist.
Added by Gabriel B.
Close
Step 1
Step 1: Sole proprietorships are businesses owned and run by one person. Show more…
Show all steps
Your feedback will help us improve your experience
Rabia Sarwar and 86 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
the form of a business organization that is not affected by the withdrawal or death of an owner and can continue indefinitely is the
Rabia S.
Which private enterprise will continue to exist beyond the owner’s lifetime? A. partnership B. sole proprietorship C. company D. limited partnership
Chandra J.
In what ways might limited life be considered an advantage for sole proprietors?
Kevin C.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD