The given statement is True. Partners in a partnership and shareholders in a corporation have a vested interest in the firm's continued existence.
As such, any changes to the members of either type of organization can have a significant impact on the future of the firm. For example, if a partner in a partnership decides to leave, the remaining partners must agree on how the departing partner's share of the profits will be distributed. Similarly, if a shareholder in a corporation sells their shares, the corporation must find a new buyer, and the number of shareholders will be reduced.
Hence, the partners in a partnership, the shareholders in a corporation cannot change without affecting the continued existence of the firm.
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