Limited Liability Is an Important Feature Of

question 42

Multiple Choice

Limited liability is an important feature of:

• A)sole proprietorships.
• B)partnerships.
• C)corporations.
• D)both partnerships and corporations.

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Definitions:

Economic

Relating to economics or the economy, the study of how societies use resources to produce goods and distribute them among individuals.

Genetic

Pertaining to genes and heredity, influencing the characteristics and traits of an organism.

Retained

The act of keeping or holding onto something, such as information in memory or employees in a company.

Social Development

The process by which individuals learn to interact with others and understand societal norms, contributing to their integration and function within society.