Post Utme Unilorin 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 34 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A company has a sole proprietorship business structure. The company's owner dies, and the business is inherited by the owner's spouse. Which of the following is true about the business after the owner's death?

Answer Options

Correct Answer A. The business will continue to operate as a sole proprietorship with the spouse as the new owner.
B. The business will be dissolved and the assets will be distributed to the spouse.
C. The business will be converted to a partnership with the spouse and other family members.
D. The business will be converted to a corporation with the spouse as the new shareholder.
Correct Answer
A
Correct Option:
The business will continue to operate as a sole proprietorship with the spouse as the new owner.

About This Question

This is Post Utme Unilorin 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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