Multiple Choice
If the personal assets of the owners can be claimed if the business is bankrupt,the owners are said to have
A) unlimited liability.
B) a corporation type of business.
C) limited liability.
D) separation of ownership from control.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q19: On a balance sheet,stockholder's equity is equal
Q20: Which of the following is the most
Q21: If a firm has implicit costs as
Q22: How do the owners of a corporation
Q23: When Electronic Arts,the company behind the games
Q25: If a corporate bond with face value
Q26: In a typical year,new small firms create
Q27: Damian wants to start a business where
Q28: A corporation is limited to how many
Q29: Included on the board of directors of