A ________ is a governance structure where owners are not personally liable.
A)sole proprietorship
B)partnership
C)mixed enterprise
D)corporation

Question

Quizplus · Accepted Answer

A corporation is a legal entity that is separate from its owners, which means the owners are not personally liable for the debts and liabilities of the corporation. Sole proprietorships and partnerships, on the other hand, have unlimited personal liability, while mixed enterprises are not a recognized legal structure.

A ________ Is a Governance Structure Where Owners Are Not