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:

Verbal Acquisition

The process through which individuals learn and accumulate words and enhance their language abilities.

Expressive Vocabulary

The set of words a person can actively use in communication to express thoughts, feelings, and ideas.

Receptive Vocabulary

The store of words that an individual understands when heard or read, which typically exceeds the words they use in speech or writing.

Babbling

The stage in language acquisition where infants produce unintelligible sounds, combining vowels and consonants like "ba" and "da," which precedes speech development.