Question: Question 2 3 0 . 2 5 pts Which concept means that the owners ( shareholders ) of corporations, as well as directors and managers,

Question 23
0.25 pts
Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership?
limited liability
8eneral partnership
Ilmited partnership
sole proprictarslip
 Question 23 0.25 pts Which concept means that the owners (shareholders)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!