In Recent Years,changes in Technology Have ______

question 93

Multiple Choice

In recent years,changes in technology have ______.

• A)blurred the differences between products and services
• B)made the differences between products and services more distinct
• C)required products to be offered with services
• D)made products more important than services

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Definitions:

Limited Liability

This refers to a business structure where the owners' personal assets are protected from company debts and liabilities.

Sole Proprietorship

A company that is both owned and run by one person, with no separate legal identity between the proprietor and the business itself.

Separate Legal Entity

A business structure that is legally considered an independent entity separate from its owners, such as a corporation or LLP.

Limited Partnership

A partnership with general and limited partners.