Caleb Brown Has Been the Sole Owner of a Bicycle

question 97

Multiple Choice

Caleb Brown has been the sole owner of a bicycle sales and repair shop for many years. Which of the following business types would best protect Caleb's personal assets from product liability exposure?

• A)Limited liability company
• B)Proprietorship
• C)Partnership
• D)Not- for- profit

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Definitions:

Cognitive

Pertaining to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Depression

A mental condition characterized by an unrelenting gloomy mood or a disconnection from regular activities, which significantly impairs normal life.

Notebook

A notebook is a book or stack of paper pages that are often ruled, used for purposes such as recording notes or memoranda, writing, drawing, or scrapbooking.

Electroconvulsive Therapy

A psychiatric treatment involving electrically induced seizures intended primarily for severe mental disorders, including major depression and bipolar disorder.