Multiple Choice
Joe Jackson operates a sole proprietorship,but he is in poor health and may be unable to continue running the business.If Joe 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) Ceases to exist unless sold or taken over by Joe's heirs.
D) Becomes the property of the most senior employee who wishes to continue operating the firm.
Correct Answer:
Verified
Correct Answer:
Verified
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