Karissa Is 25% Owner in a Corporation That Builds Custom

question 27

Multiple Choice

Karissa is 25% owner in a corporation that builds custom machinery. Last year the corporation suffered due to intense competition. After losing $1,000,000 last year, the business is shutting its doors. The business has unpaid debts of $9,000,000. What is Karissa's personal liability?

• A) $0
• B) $1,000,000
• C) $9,000,000
• D) $10,000,000

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Definitions:

Obedience

When a person follows the orders of a person in authority.

Conformity

The altering of your own behaviors and opinions to match those of other people or to match other people’s expectations.

Compliance

The tendency to agree to do things requested by others.

Obedience

The act of following the directions or commands of an authority figure.