In Which of the Following Business Entities Would the Creditors

question 21

Multiple Choice

In which of the following business entities would the creditors be able to recover moneys owed to them by the business from the proprietors of the business?

• A)The trading trust where a company is used to conduct the business.
• B)The limited liability company.
• C)The sole trader.
• D)None of the above.

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Definitions:

Aggregate Demand

The overall requirement for goods and services across an economy, evaluated at one price level and over a specified duration.

Wartime Borrowing

The process of governments taking on debt during times of war to finance military operations and support the economy.

Social Security

A government program that provides financial assistance to retirees, disabled individuals, and their dependents.