Examlex
Which of the following is true of knowledge management?
Limited Liability
An advantage of the corporate form. Stockholder liability for the actions of a company is limited to the value of the stock. That is, a suit against the corporation cannot be made against a stockholder simply because the stockholder is an owner.
Proprietorships
A type of business entity that is owned and operated by a single individual, without any legal distinction between the owner and the business.
Sole Proprietor
An individual who owns and operates a business alone, bearing unlimited liability for the business's debts and obligations.
Ease Of Formation
The relative simplicity or complexity involved in establishing a new company or business entity.
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