Caleb Brown Is the Sole Owner of a Bicycle Sales

question 142

Multiple Choice

Caleb Brown is the sole owner of a bicycle sales and repair shop from several years. Which of the following business types would limit Caleb's personal liability exposure to the entity's debts?

• A)Partnership
• B)Limited-liability company
• C)Sole proprietorship
• D)Limited-liability partnership

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Definitions:

Evaluative Beliefs

Evaluative beliefs are judgments or assessments about objects, persons, or events that reflect an individual's values and experiences.

Person-Organization Value Congruence

The degree to which an individual's values, goals, and beliefs align with the culture and values of the organization they work for.

Persistence

The quality of continuing steadfastly towards a goal despite obstacles or setbacks.

Direction

Guidance or instructions on the course or action to be taken, often aimed at achieving a specific goal or outcome.