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Devendra

  • PhD Member
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Unlimited liability with respect to business ownership means ________.

A) to have an obligation to pay all business debt
B) to have an obligation to pay only the money you invest in a business
C) to be liable for expenses incurred only by you, not your employees
D) to be liable for estimated business expenses only
E) to have an obligation to perform all the roles in the company

Marked as best answer by Devendra

Nathalia

  • PhD Member
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A
Explanation: A) Unlimited liability means the owner is responsible for all the debts of the firm. Because the liability is unlimited, the owner's personal assets may be used to pay the debts of the business.

real2real

  • PhD Member
  • ******
Thanks for the answer, I sent you a forum message for another one.



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