Which of the Following Forms of Business Organizations Protect the Personal

question 62

Multiple Choice

Which of the following forms of business organizations protect the personal assets of the owners from creditors of the business?

• A)proprietorship
• B)partnership
• C)corporation
• D)corporation and partnership

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Definitions:

Directors

Members of a company's board responsible for making strategic decisions and ensuring the company's compliance with legal and ethical standards.

Business Decisions

The choices made by individuals or groups in regard to the operation, management, and strategy of a business.

Special Interest Group

An organization or group that advocates for specific issues or causes, often aiming to influence public policy or opinion.

Stakeholder

An individual or group that has an interest or concern in an organization or project, and whose input or involvement can affect or be affected by the outcome.