Examlex
Which of the following is NOT true?
Unlimited Financial Liability
A legal obligation where business owners are personally responsible for all the debts of their business, without any limit.
Partnerships
A legal arrangement where two or more parties collaborate in managing and operating a business.
Life Insurance
A type of insurance that protects people against the financial losses that occur with premature death.
Franchising
A business model that allows individuals to own and operate a branch of a larger company using its brand name, systems, and processes.
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