A Company Can Have a Liability Even If the Amount

question 151

True/False

A company can have a liability even if the amount of the obligation is unknown.

Recognize the basic structure and logic of how data is organized on storage devices.

Comprehend the functionality and importance of file management and backup utilities in operating systems.

Develop an understanding of operating systems, their interfaces, and multitasking capabilities.

Gain knowledge on the principles of machine learning and how it differs from other computer processes.

---

Definitions:

Corporate Form

A legal structure used by organizations that enables them to be recognized as separate legal entities from their owners, providing limited liability protection.

Partnership Form

A type of business entity where two or more individuals share ownership and the responsibilities of running the business.

Limited Liability

A legal structure that limits the financial liability of the owners of a business to the amount of money they have invested in the business.

Continuous Existence

A characteristic of corporations that allows them to outlast the lives of their individual members or owners, enabling ongoing operations over time.