Multiple Choice
Unlimited liability means
A) when you own your own business you are responsible for all the business debts.
B) you are only liable for the money you invest in the business.
C) as a franchisee your franchisor is responsible for the debts of the franchise.
D) you are liable for whatever advertising promises your firm makes.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: A limited partner is an owner who
Q7: Which of the following statements best summarizes
Q8: The companies Ace Hardware, Blue Diamond, and
Q9: Originally, farm cooperatives were formed to provide
Q10: Most states have legal restrictions that prevent
Q12: A limited partnership consists of one or
Q13: Which of the following people would be
Q14: Right now, Car Keepers Garage is operated
Q15: _ are companies that are similar to
Q16: Rowan and Vanessa plan to pool their