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aleksley [76]
3 years ago
12

What does the phrase limited liability mean in a corporate context? (Select all the choices that apply.)

Business
1 answer:
nexus9112 [7]3 years ago
5 0

Answer: Option A and B.

Explanation: Limited liability concept originates from the concept of separate legal entity. As per separate legal entity the owner of the company and the company itself are two different entities.

Thus,in case of any default or liquidation of the company, owner will be liable to pay only to the extent of his investment in the company. The personal assets of the owner could not be taken into consideration for the purpose of repayment.

Hence, from the above we can conclude that the correct option is A and B.

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D. inventory.

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4 years ago
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3 0
4 years ago
Will Paten is the manager of a team of 12 people in the marketing division of Palmer, Inc. Will, who has been working in the com
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B) The company had provided Will with additional duties and he was left with little time to ensure that his team members performed well.

C) Will believed that since the job demands in marketing were ambiguous and ever-changing, a supportive approach to leadership would suffice.

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