In Which Form of Business Organization Are the Owners Not

question 6

Multiple Choice

In which form of business organization are the owners not offered the protection of limited liability?

• A) proprietorship
• B) limited partnership
• C) corporation
• D) subchapter S corporation
• E) limited liability corporation

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Definitions:

Mutually Beneficial Relationships

Relationships that provide benefits to all parties involved, fostering positive outcomes and cooperation between individuals or entities.

Internal Management

The process of overseeing and guiding a company's operations, strategies, and employees from within the organization.

Travel Insurance

Coverage designed to protect travelers against unforeseen expenses, such as medical emergencies, trip cancellations, and lost luggage.

Ethical and Successful

Describes actions or practices that are both morally right and lead to positive outcomes or success.