The Residual Assets of a Sole Proprietorship Belong to the ____

question 98

Multiple Choice

The residual assets of a sole proprietorship belong to the ____ after the owner's death.

• A) owner's heirs
• B) primary investors
• C) general partners
• D) creditors

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Definitions:

Early Retirement Programs

Plans offered by employers that incentivize employees to voluntarily retire before the typical retirement age, often including financial benefits.

Phased-Retirement Program

A type of retirement plan that allows employees to gradually reduce their working hours as they transition to full retirement.

Personnel Policies

Guidelines and rules established by an organization regarding the management and treatment of its employees.

Recruitment

The process of attracting, screening, and selecting qualified candidates for a job within an organization.