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Alissa Alvis
on Nov 28, 2024

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A business organizational form that limits its owners' liability allows the firm to lawfully

A) act recklessly.
B) engage in misconduct.
C) take risks.
D) all of the choices.

Liability Limits

The maximum amount of coverage an insurance policy provides, representing the most an insurance company will pay for damages or losses.

Misconduct

Improper or unlawful behavior by a person in a position of authority or trust.

Risks

The potential for loss, damage, or any other undesirable outcome resulting from internal or external vulnerabilities.

  • Identify the legal differences among various business organizations in terms of liability, tax obligations, and management structures.
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Gabriel DávilaNov 30, 2024
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