Question: What is a limited liability? Question 27Answer a. When a business is owned by only one person b. When a business is owned by multiple

What is a limited liability? Question 27Answer a. When a business is owned by only one person b. When a business is owned by multiple people who share the profits and losses c. When the owners of a business are not personally responsible for the company's debts and liabilities d. When the owners of a business must personally guarantee the company's debts and liabilities

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