Which of the Following Categories of Owners Have Unlimited Liability

question 144

Multiple Choice

Which of the following categories of owners have unlimited liability?

• A) general partners in a limited partnership
• B) sole proprietors
• C) shareholders of a corporation
• D) both A and B

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Definitions:

Tactical Plans

Short-term actions designed to achieve specific objectives, often as part of a larger strategic plan.

Strategic Plans

Long-term, comprehensive blueprints for how an organization will achieve its goals and meet the expectations of its stakeholders.

Work Methods

The strategies, techniques, or processes employed by individuals or groups to carry out their tasks, often optimized for efficiency, quality, or safety.

Production Plans

Detailed outlines that specify the activities, resources, timelines, and costs involved in producing a product or providing a service.