Multiple Choice
The responsibility of business owners for all the debts of the business is known as:
A) Limited liability
B) Unlimited liability
C) Limited equity
D) Unlimited indebtedness
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q51: A general partnership is a partnership with
Q52: A _ refers to people with unsatisfied
Q53: _ occurs when the owners of the
Q54: A sole-proprietorship is the easiest kind of
Q55: One characteristic of successful entrepreneurs is that
Q57: A partnership of only limited liability partners
Q58: People with a burning desire to realize,actualize
Q59: A company store is a retail outlet
Q60: Which of the following types of partnerships
Q61: Which of the following is a common