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What does limited liability mean?
a. The personal assets of the owners cannot be used to pay the firm's debts if the business is bankrupt.
b. The owners of the business are personally responsible for paying expenses incurred by the business.
c. Only employees can have a claim on the assets of the business.
d. Anybody with a liability against a firm can claim only what their liability refers to.
0-001-010-WI23/ The midterm nidterm Time left 0:50:35 What does limited liability

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