Examlex

Solved

All of the Following Are Good Strategies for Reducing Exposure

question 101

Multiple Choice

All of the following are good strategies for reducing exposure to ETS,EXCEPT:


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.

Related Questions