The Existence of a Limited Liability Company Means The

question 10

Multiple Choice

The existence of a limited liability company means the:
I.company's members are liable for only a limited amount of business debts.
II.company has a legal existence distinct from its owners.
III.company may raise large amounts of funds by issuing shares.

• A)I only
• B)I and II only
• C)II and III only
• D)I,II and III.

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Definitions:

Ethical Responsibility

This concept pertains to the duty to act in a morally sound way, considering the impact of one's actions on others and society.

Personal Ethical Standards

The moral principles that an individual upholds in their personal and professional life.

Local Newspaper

A publication focusing on news, events, and topics of interest within a specific local or regional community.

Ethical Decision

A choice made based on moral principles and values, considering the well-being and fair treatment of all involved.