An owner's death would have no effect on any of the business entities below, except: ______.
A) a partnership
B) a corporation
C) a sole proprietorship
D) joint venture

Question

Quizplus · Accepted Answer

The death of an owner in a corporation would lead to changes in ownership, as the owner's shares would be passed down to their beneficiaries. However, this would not have an impact on the business operations or the existence of the corporation itself. In contrast, the death of an owner in a partnership or sole proprietorship would potentially dissolve the business, as there would no longer be an owner to carry on the business. The death of an owner in a joint venture would depend on the specifics of the agreement between the parties involved.

An Owner's Death Would Have No Effect on Any of the Business