The form of a business organization that is not affected by the withdrawal or death of an owner and can continue forever is
A) the sole proprietorship.
B) the partnership.
C) the corporation.
D) the nonprofit organization.

Question

Quizplus · Accepted Answer

A corporation is a separate legal entity from its owners (shareholders) and can continue to exist even if one or more of the shareholders die or sell their shares. This is because ownership in a corporation is represented by shares of stock, which can be bought and sold without affecting the existence of the corporation.

The Form of a Business Organization That Is Not Affected