Unlimited Liability with Respect to Business Ownership Means ________

question 84

Multiple Choice

Unlimited liability with respect to business ownership means ________.

• A)to have an obligation to pay all business debt
• B)to have an obligation to pay only the money you invest in a business
• C)to be liable for expenses incurred only by you, not your employees
• D)to be liable for estimated business expenses only

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Definitions:

Referendum

A direct vote in which an entire electorate is asked to vote on a particular proposal and can have wide-ranging implications.

Initiative

A process that allows citizens to propose and vote on legislation directly, bypassing the legislative body.

Boss System

A political system dominated by a single leader or group of leaders (bosses) who have enough power to control political appointments, the distribution of favors, and the outcome of elections.

Civil Rights

The rights of individuals to receive equal treatment (and to be free from unfair treatment or discrimination) in a number of settings – including education, employment, housing, and more – based on certain legally-protected characteristics.