If the Owner of a Sole Trader Retires or Dies

question 172

True/False

If the owner of a sole trader retires or dies, the owner's heirs may take over a profitable business and either sell it or continue to operate it.

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Definitions:

Communication Methods

The various ways in which individuals exchange information, including verbal, non-verbal, and digital means.

Tunicate Larvae

The larval stage of tunicates, marine invertebrates, characterized by a notochord and a dorsal nerve cord.

Notochord

Cartilage-like supportive dorsal rod in all chordates at some time in their life cycle; replaced by vertebrae in vertebrates.

Vertebrates

Animals characterized by having a backbone or spinal column, including mammals, birds, reptiles, amphibians, and fish.