In a Sole Proprietorship,the Owner Is Fully Liable for All

question 119

Short Answer

In a sole proprietorship,the owner is fully liable for all business debts of the company.This is called ____________________ liability.

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Definitions:

Mental Resources

Cognitive capacities or energy dedicated to processing information, reasoning, and memory, crucial for performing mental tasks and decision-making.

Filter Theory

A theory of attention proposing that information that exceeds the capacity of a processor to process at any given time is blocked from further processing.

Unattended Information

Information that is present in the environment but is not the focus of one's attention or conscious awareness.

Working Memory Spans

A measurement of the capacity of working memory, often assessing how many items of information a person can hold and manipulate at one time.