Examlex

Solved

The ________ Has/have the Ultimate Responsibility in Guiding Corporate Affairs

question 42

Multiple Choice

The ________ has/have the ultimate responsibility in guiding corporate affairs and carrying out policies.


Definitions:

Franchisee

An individual or company that has acquired the rights to use a franchisor's brand and business model in a specific territory.

Wind Up

The process of concluding or finalizing the affairs of a business or an entity, leading towards its dissolution.

Sole Proprietorship

is a business structure where a single individual owns and operates the business, assuming sole responsibility for its debts and obligations.

Unlimited Liability

A legal structure in business where the owner's personal assets can be used to satisfy the business's debts and liabilities.

Related Questions