Which of the Following Business Forms Means Personal Liability for the Owner

question 3

Multiple Choice

Which of the following business forms means personal liability for the owner of the business?

• A)Sole proprietorship
• B)LLC
• C)Corporation
• D)LLP

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Definitions:

Strengths/Advantages

The positive attributes and competitive benefits that give a company or product superiority over others in its market.

Weaknesses/Disadvantages

The limitations or shortcomings inherent in an individual, organization, or product that can hinder success or effectiveness.

Advertising

The act or practice of calling public attention to one's product, service, need, etc., especially by paid announcements in newspapers and magazines, over radio or television, on billboards, etc.

Promotional Mix

The combination of marketing tools used by a business to achieve its marketing objectives, including advertising, sales promotion, public relations, and direct marketing.