Solved

Mehdi Operates a Sole Proprietorship,but He Is in Poor Health

Question 164

Multiple Choice

Mehdi operates a sole proprietorship,but he is in poor health and may be unable to continue running the business.If Mehdi becomes incapacitated,his business:


A) automatically continues under new management as a sole proprietorship.
B) automatically converts into a public corporation with stock sold to interested investors.
C) becomes the property of the most senior employee who wishes to continue operating the firm.
D) ceases to exist unless sold or taken over by Mehdi's heirs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions