The Form of a Business Organization That Is Not Affected

question 4

Multiple Choice

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.

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Definitions:

Briefing a Case

The process of summarizing a court case, identifying the main points, legal issues, arguments, and decisions to understand and remember its significance.

Holding

In legal terms, the court's decision or ruling in a case, representing the legal principle or outcome derived from the judgment.

Dicta

Comments, observations, or remarks made by a judge in a legal decision or ruling that are not essential to the resolution of the case.

Market Power

Ability of a seller or buyer to affect the price of a good.