Under the ____ Form of Ownership, the Business Dissolves Upon

question 129

Multiple Choice

Under the ____ form of ownership, the business dissolves upon the owner's death.

• A)partnership
• B)corporation
• C)sole proprietor
• D)limited liability

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Definitions:

Depreciable Asset

A depreciable asset is a type of property that an organization can write off as an expense over time due to its potential to lose value, such as buildings, machinery, and equipment.

Total Cost Approach

A method of analysis that involves assessing all costs associated with a decision, including initial costs and ongoing operational costs.

Discount Rate

The interest rate used in discounting future cash flows to present value, often reflecting the cost of capital or risk level.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in evaluating investment opportunities.