Unlimited Life Is a Characteristic of Which Type of Business

question 57

Multiple Choice

Unlimited life is a characteristic of which type of business entity?

• A)corporation
• B)sole proprietorship
• C)partnership
• D)merchandiser

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Definitions:

Syncline

A geological fold with layers that dip inward from both sides towards the central axis, typically forming a trough.

Monocline

A geological fold in which all strata are inclined in the same direction, forming a step-like structure.

Metamorphosed

Refers to rocks that have undergone a change in mineral composition and texture due to exposure to high temperature and pressure conditions.

Shale

A fine-grained sedimentary rock composed of mud that splits easily into layers, often used in the production of oil and natural gas.