Question

Which private enterprise will continue to exist beyond the owner’s lifetime? A. partnership B. sole proprietorship C. company D. limited partnership

Answer 1

C) A company

Proprietorships are limited to the life of the owner, and partnerships are almost exactly like proprietorships save that they have more than one owner

Answer 2

Answer:

The correct answer is option C. company.

Explanation:

A company is a business formed by one or more people to work with a product or service commercially or industrially.

There are different types of companies, which will have different legal obligations, and each person can choose the one that is most convenient.

In general, the legal rights and obligations of a company will be the same as those of a physical person.

If the owner of a company dies, its continuity would continue to exist, since a company can incorporate new partners through shares, which can be bought and sold freely, which will mean that the company does not have a single owner.

Given this information, the correct answer is option C.