Which of the Following Types of Business Organizations Terminates When

question 114

Multiple Choice

Which of the following types of business organizations terminates when its ownership structure changes?

• A) partnerships and proprietorships
• B) partnerships and corporations
• C) proprietorships and corporations
• D) only corporations

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Definitions:

Fundamental Roles

Core responsibilities or duties that are essential for the operation and success of an organization or the performance of a job.

Language Of Business

The set of terms, acronyms, and jargon commonly used in the business world to facilitate clear and efficient communication.

Accounting Software

Computer programs designed to manage and process financial transactions and records, streamlining accounting tasks and improving accuracy.