Examlex
Which of the following strategies has the greatest potential loss?
Sole Proprietorship
A business structure where a single individual owns, manages, and is personally responsible for all aspects of the business, including debts.
Persons
Human beings regarded as individuals or entities capable of owning property, having rights and responsibilities, and engaging in legal contracts and activities.
Partnership
An official business model that involves a collaboration between two or more people sharing both profits and management duties.
Negligence
The failure to exercise the standard of care that a reasonably prudent person would have exercised in a similar situation, leading to potential harm or loss.
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