Examlex
Which of the following statements is NOT true about the price system?
Sole Proprietorship
A sole proprietorship is a form of business owned and run by one individual, where there is no legal distinction between the owner and the business.
Unlimited Liability
A legal structure in which owners are personally responsible for all of the company's debts and liabilities without limit.
Limited Liability
A legal structure where a company's owners are protected from personal liability for the company's debts or liabilities.
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