Examlex
Which of the following statements about Woodrow Wilson's Latin American policy is not correct?
Proprietorship
A proprietorship, also known as a sole proprietorship, is a business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Legal Liability
Legal liability involves being responsible under law for a specific action or outcome, often related to damages or restitution.
Limited Liability Company
A company organization that blends the direct taxation features of a partnership or sole proprietorship with the protective limited liability characteristic of a corporation.
Service Business
A type of business that provides intangible products, such as expertise, experience, or access, rather than physical goods.
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