Which of the Following Forms of Ownership Holds the Business

question 88

Multiple Choice

Which of the following forms of ownership holds the business owner personally liable for business debts and claims?

• A) Sole proprietorship
• B) Corporation
• C) Limited liability partnership
• D) General partnership
• E) Limited liability corporation

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Definitions:

Nicotine

A potent chemical found in tobacco plants that acts as a stimulant and is highly addictive, commonly consumed through smoking cigarettes.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, which can cause intense high and is highly addictive.

Amphetamines

A class of potent stimulant drugs that affect the central nervous system, enhancing alertness and energy.

Appetite

A natural desire to satisfy a bodily need, especially for food.