Which Type of Business Organization Is Characterized by Unlimited Liability

question 44

Multiple Choice

Which type of business organization is characterized by unlimited liability and limited life?

• A) Proprietorship
• B) Partnership
• C) Corporation
• D) Proprietorship and partnership

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Definitions:

Religious Orthodoxy

Adherence to accepted norms and beliefs in a religion, often emphasizing traditional doctrine and practices.

Psychological Hardiness

A personality trait characterized by resilience and the ability to endure stressful circumstances, often considered a buffer against stress-related illness.

Denial

A psychological defense mechanism where a person refuses to accept reality or facts.

Social Support

The emotional, instrumental, or informational assistance received from social networks, which can provide a buffer against negative life events.