Question

Which type of business is defined in part by its limited liability?

Answer 1

Answer:

C. Public corporation is the type of business that is defined in part by its limited liability.

Explanation:

Public corporations are defined in part by its limited liability because, as any other corporation, shareholders are not personally liable beyond the extent of their investment. The corporation, as a separate entity, has authority to act and liability for its actions.

Answer 2

I believe the answer is C. Public corporation

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