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levacccp [35]
2 years ago
11

Unlimited liability means a. stockholders can borrow money from the business. b. there is no limit on the amount an owner can bo

rrow. c. the business can borrow money for any type of purchase. d. the owner is responsible for all business debts. e. creditors will absorb any loss from nonpayment of debt.
Business
1 answer:
mestny [16]2 years ago
8 0

Answer:

Option D, the owner is responsible for all business debts.

Explanation:

Unlimited liability refers to the fill legal responsibility that business owners and partners assume for all business debts. This liability is not capped, and obligations can be paid through the seizure and sale of owners' personal assets, which is different than the popular limited liability business structure.

Unlimited liability simply means one could be exposed to losses that result from company debts. In this situation, the business owner can be held personally for back business debts.

Creditors (persons to which a debt is owed) will not absorb any loss from non-payment of debt because if the business were to run out of money due to debt, the creditors may file a lawsuit and the owner is forced to pay.

Therefore, the options that best suits the question is option D. Unlimited liability means THE OWNER IS RESPONSIBLE FOR ALL BUSINESS DEBTS.

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Refer to the scenario below to answer the following question(s). Giant Beanstalks is a company based in Maryland that processes
creativ13 [48]

Answer:

Exclusive distribution

Explanation:

Exclusive distribution is defined as an agreement between a producer and retailer that gives the exclusive right to a retailer to distribute the products of a supplier within a given geographical location. Only one distributor is used by the supplier within a given area.

In the secanrio given Giant Beanstalk a company that processes and cans vegetables, recieves raw materials from over 80 companies. It only gives distribution rights to Greenleaf a grocery chain with 38 stores in the country.

5 0
3 years ago
Embezzlement is distinguished from fraud on the basis of:
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Embezzlement happens when somebody depended with property deceitfully changes over it, keeps it for their own utilization. Theft is recognized from extortion on the premise of when the criminal purpose was framed. 


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3 years ago
A local jacket distributor expects to sell 9,000 black fleece jackets in a year. Assume that EOQ model assumptions are valid. Ea
torisob [31]

Answer: $4,800

Explanation:

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= Average inventory * Cost of holding a unit

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= 9,000/500 * 100

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Annual Inventory cost = Annual holding cost + Annual ordering cost

= 3,000 + 1,800

= $4,800

4 0
2 years ago
If union contracts raise wages above competitive levels, what might be one negative outcome?​
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Answer:

Companies will move overseas to escape unions and hire cheaper labor.

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3 years ago
When the average unit cost of a good or service decreases as the capacity and/or volume of throughput increases, it is known as
Sergeu [11.5K]
(d.) ECONOMIES OF SCALE

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3 years ago
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