Using the figure above, identify the labeled structure(s) in each of the following questions.
-Identify the structure(s) indicated by Label M.
Definitions:
Proprietorship
A business owned and operated by an individual, where the owner is personally responsible for the business's debts.
Limited Liability
Limited liability is a legal structure that restricts investors' or owners' personal responsibility for a company’s debts and losses to the extent of their investment.
Potential Sales
The estimated total sales revenue that a company could theoretically achieve in a market under ideal conditions.
Treasurer
An officer in an organization responsible for managing the institution's treasury, including financial planning, risk management, and investment activities.
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