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In what way is Kohlberg's theory culturally biased?
Limited Liability
A legal structure that limits the financial responsibility of individuals (e.g., shareholders of a company) to the amount they have invested.
Corporation's Liabilities
The financial obligations or debts for which a corporation is legally responsible.
Liability Limitation
A clause in a contract that restricts the amount of compensation that can be claimed for breaches of the contract or other liabilities.
Cash Assets
Liquid funds or assets readily convertible into cash without significant loss in value.
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