Unlimited Liability Means

question 261

Multiple Choice

Unlimited liability means:

• A)When you own your own business you are responsible for all the business debts.
• B)You are only liable for the money you invest in the business.
• C)As a franchisee your franchisor is responsible for the debts of the franchise.
• D)You are liable for whatever advertising promises your firm makes.

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Definitions:

Inequality

Refers to the unequal distribution of resources, rights, and opportunities among individuals or groups within societies.

John Rawls

A 20th-century American philosopher known for his work in political philosophy, especially in his theory of justice as fairness.

Principle of Justice

A fundamental ethical guideline that ensures fair and equitable treatment for all individuals and the distribution of rewards and burdens in society.

Good Life

A concept in philosophy and ethics referring to a fulfilling, meaningful, and morally virtuous life, often associated with happiness, well-being, and flourishing.