Limited Liability of Shareholders Means

question 64

Multiple Choice

Limited liability of shareholders means

• A) dividends will be paid regardless of net income.
• B) creditors have no legal claim on a shareholder's personal assets.
• C) the life of the corporation is limited.
• D) deferral or reduction of taxes.

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Definitions:

BMWs

A brand of luxury vehicles produced by the German company Bayerische Motoren Werke AG, known for their performance and quality.

Cow Feed

Materials fed to cattle, including grass, grains, and sometimes supplements, to maintain or improve health and production.

Consumption

The action of using goods and services to satisfy needs or wants.

Consumption

The act of using goods and services by households, which is a primary component in measuring gross domestic product (GDP) in economics.