Liability Is an Individual's Personal Responsibility for the Debts or Obligations

question 62

Multiple Choice

liability is an individual's personal responsibility for the debts or obligations of a business, using the personal assets of the business owner, such as a home, bank accounts, or other property, to pay the business obligations.

• A) Corporate
• B) Personal
• C) Partnership
• D) Shareholder

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Definitions:

High Expectations

Holding aspirational standards or beliefs about future outcomes or performances that are significantly above the norm.

Perform Well

Achieving or exceeding the standards of excellence or objectives in a particular task or area of activity.

Performance Expectations

The standards or criteria set by an organization or manager that outline the desired outcomes and behaviors from employees or team members.

Special Treatment

Giving particular attention or privileges to certain individuals or groups, often viewed as unfair or biased.