Which forms of organization has the longest life time?
Sole proprietorship
Partnership
Joint stock company
All of the above
A joint stock company has the longest lifetime as compared to sole proprietorship and partnership.
As compared to a sole proprietorship and partnership organization, joint stock company formation is easier.
The structure in which there is separation of ownership and management is called
(a) Sole proprietorship
(b) Partnership
(c) Company
(d) All business organisations
Why is it said that sole proprietorship has a limited life of business ?