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What is the life of a sole proprietorship firm?
9. What is the life of a sole proprietorship firm?
- Short
- Unstable
- Long
- Stable
Answer: B) Unstable
Explanation:
Sole ownership can exist as long as its proprietor is alive and wants to proceed with the business. At the point when the proprietor passes on, the sole owner does not exist anymore. The resources and liabilities of the business become a piece of the proprietor's bequest.