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

Question

Quizplus · Accepted Answer

The form of business organization that is not affected by the withdrawal or death of an owner and can continue indefinitely is the corporation. This is because a corporation is a separate legal entity from its owners/shareholders, and its life is not tied to that of any individual. In the event of an owner's departure or death, the corporation can still continue to operate and do business.

The Form of a Business Organization That Is Not Affected