Choosing a Business Organizational Form That Limits Its Owners' Liability

question 70

True/False

Choosing a business organizational form that limits its owners' liability can affect the firm's ability to raise outside capital.

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Definitions:

Implicit Premise

A foundational belief or assumption that is not directly stated but is necessary for the argument to hold.

Country Club

A private club, often encompassing leisure sports facilities like golf and tennis, and dining and social events, accessible usually to members and their guests.

Explicit Premise

A clearly stated proposition in an argument that is offered to support the truth of the conclusion.

Implicit Premise

An unstated assumption that is necessary for an argument to hold together or make sense, assumed to be true without being expressed outright.