If the Personal Assets of the Owners Cannot Be Claimed

question 242

Multiple Choice

If the personal assets of the owners cannot be claimed if the business is bankrupt, the owners are said to have

• A)unlimited liability.
• B)a proprietorship type of business.
• C)limited liability.
• D)a partnership type of business.

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Definitions:

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Rule By An Individual

A form of governance where a single person holds supreme authority, typically without effective constitutional limitations, commonly referred to as autocracy or dictatorship.

Incidental Motions

Incidental motions are procedural motions in parliamentary procedure that arise out of other motions and must be decided before the main question.

Refer

The act of directing someone to a different source of help, service, or information that is more suited to their needs.