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When Senior Managers Take True Ownership of Their Responsibility to Have

question 59

Multiple Choice

When senior managers take true ownership of their responsibility to have the right people in critical leadership roles,they are embracing their role of:


Definitions:

Unlimited Liability

A legal structure in which the business owners are personally responsible for all of the company's debts and obligations.

General Partnership

A partnership that involves a complete sharing in both the management and the liability of the business.

Limited Liability

A legal structure that limits an owner's loss to the amount invested in a company, protecting personal assets from the company's debts and obligations.

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