Owners Are Not Personally Responsible for the Debts of the Business

question 72

Multiple Choice

Owners are not personally responsible for the debts of the business if the form of business organization is a

• A)partnership.
• B)nonprofit organization.
• C)corporation.
• D)sole proprietorship.

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Definitions:

Axis I

was used in the DSM-IV (Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition) to classify most major mental health disorders, including mood, anxiety, and psychotic disorders.

Personality Disorder

A mental disorder defined by persistent patterns of maladaptive behavior, thought, and internal experience.

Antisocial Personality

A personality disorder characterized by a long-term pattern of disregard for, or violation of, the rights of others.

Time Course

The progression or sequence of events or states over a period of time, often used to describe the dynamics of processes in various contexts.