International Resources Shared by All Countries Such as Oceans and Air

question 29

Multiple Choice

International resources shared by all countries such as oceans and air are known as

• A)global commons.
• B)free rider problems.
• C)nonrenewable resources.
• D)cooperative resources.

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Definitions:

Sole Proprietorship

A company that is both owned and run by one person, with no separate legal identity between the proprietor and the business itself.

Separate Legal Entity

A business structure that is legally considered an independent entity separate from its owners, such as a corporation or LLP.

Limited Partnership

A partnership with general and limited partners.

Limited Liability

A legal structure that protects a company's owners or investors from being personally liable for the company's debts or liabilities beyond their investment in the company.