Leon and the other owners also had to keep the continuity of the enterprise in mind. Leather for Africa would _______.a.have limited continuityb.have an indefinite lifespanc.cease to exist, if one of the shareholders withdrew from the enterprised.cease to exist, if they decided to involve more shareholders
Question
Leon and the other owners also had to keep the continuity of the enterprise in mind. Leather for Africa would _______.a.have limited continuityb.have an indefinite lifespanc.cease to exist, if one of the shareholders withdrew from the enterprised.cease to exist, if they decided to involve more shareholders
Solution
The answer to this question depends on the context provided. However, based on the information given:
a. Have limited continuity - This could be true if there are factors limiting the business's ability to continue, such as financial issues, market demand, etc. But the text does not provide enough information to support this.
b. Have an indefinite lifespan - This could be true if the business is set up in a way that allows it to continue operating indefinitely. But again, the text does not provide enough information to support this.
c. Cease to exist, if one of the shareholders withdrew from the enterprise - This could be true if the business is heavily dependent on the involvement of all shareholders. If one shareholder leaves and their contribution is vital, it could potentially lead to the end of the business. The text does not provide enough information to confirm or deny this.
d. Cease to exist, if they decided to involve more shareholders - This seems unlikely. Typically, involving more shareholders would provide more capital and potentially more resources for the business, which could help it continue rather than lead to its end.
Without more context, it's difficult to definitively answer this question. However, based on typical business operations, option D seems the least likely.
Similar Questions
One of the factors that Leon and the other owners had to keep in mind when they had to choose a form of enterprise, is legal personality. They decided to register the enterprise as a private company, which means that Leather for Africa _______.Select one or more:a.can own its own assetsb.can act in its own namec.cannot exist independently of Leon and the other shareholdersd.can exist independently of Leon and the other shareholders
Because Leon and the other owners registered the enterprise as a private company, their liability would be _______.a.unlimited, which means they could lose their private assets if the enterprise goes bankruptb.limited to the capital they invested in the enterprisec.limited to their own personal debtsd.limited to the debts of the enterprise
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If a firm fails to meet its responsibilities to _____, it may be forced into bankruptcy. A. its employees B. the environment C. the government D. its creditors E. its owners
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