Which of the Following Business Organizational Forms Subjects the Owner(s)

question 48

Multiple Choice

Which of the following business organizational forms subjects the owner(s) to unlimited liability?

• A) sole proprietorship
• B) partnership
• C) corporation
• D) a and b

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Definitions:

Product Development

The process of creating or improving a product through research, design, and innovation, leading to the introduction of new features or entirely new products to the market.

Brand Mark

A unique design, symbol, or logo that identifies a brand and differentiates it from its competitors.

Shell Gas Stations

A global chain of service stations that sell gasoline, diesel, and other types of fuel, operated by the multinational oil and gas company Shell.

Brand Equity

The value a brand adds to a product or service, reflected in how customers think, feel, and act towards the brand.