Question

Hard Rock Mining is a mineral mining company. The CEO of Hard Rock Mining died last month. The news led to a short-term decline in the company's stock price, but the price bounced back after the company announced its increased quarterly earnings. This is an example of:
This is an example of:
a. An LLP/LLC
b. A corporation
c. A proprietorship
d. A partnership

Answer 1

Answer:

b. A corporation 

Explanation:

Hard Rock Mining is a corporation because they are the only business types that have shareholders.

An LLP/LLC  and partnership is owned by partners.

A sole proprietorship is owned by one person. The death of the ceo would most likely lead to the dissolution of the business.

I hope my answer helps you