Yoshi Operates a Shoe Store as a Sole Proprietorship

question 84

Multiple Choice

Yoshi operates a shoe store as a sole proprietorship. However, he is in poor health and may be unable to continue running the business. If Yoshi 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 Yoshi's heirs.
• D) becomes the property of the most senior employee who wishes to continue operating the firm.

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Definitions:

McLuhan

Marshall McLuhan, a Canadian philosopher and professor known for his work on media theory and his assertion that "the medium is the message."

Pleasure-Related Chemicals

Pleasure-related chemicals are neurotransmitters in the brain, such as dopamine and serotonin, which are associated with feelings of enjoyment, happiness, and motivation.

Mass Media

Refers to a variety of platforms, such as television, radio, newspapers, and the internet, that are used for the large-scale dissemination of information.

Societal Relations

The various ways in which individuals, social groups, and institutions interact and build relationships within a society.