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