The type of business organization that can continue indefinitely is known as a
A) sole proprietorship.
B) partnership.
C) corporation.
D) None of the above.

Question

Quizplus · Accepted Answer

A corporation is a type of business organization that can continue indefinitely as it has a separate legal identity from its owners. It can function even if its owners or shareholders pass away or sell their shares. Sole proprietorships and partnerships both have a limited lifespan, as they are tied to the life of their owners.

The Type of Business Organization That Can Continue Indefinitely Is