Joe Jackson Operates a Sole Proprietorship,but He Is in Poor

question 143

Multiple Choice

Joe Jackson operates a sole proprietorship,but he is in poor health and may be unable to continue running the business.If Joe becomes incapacitated,his business:

• A)Automatically continues under new management as a sole proprietorship.
• B)Automatically converts into a public corporation with stock sold to interested investors.
• C)Ceases to exist unless sold or taken over by Joe's heirs.
• D)Becomes the property of the most senior employee who wishes to continue operating the firm.

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Definitions:

Guidelines

Standard rules or instructions set forth for conducting processes or making decisions.

Null Hypothesis

An assertion in statistical analysis that proposes no significant difference or effect exists between certain characteristics or groups.

One-Sample Z Test

Used to compare a sample mean to a population mean.

One-Sample Z-Test

A statistical test used to determine if the mean of a single sample is significantly different from a known or hypothesized population mean.