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Business
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Why is limited liability an attractive principle for the business person?
The owner of company shares is liable only up to the amount invested
It is a means of avoiding tax
It is a means of avoiding paying off debts
The owner of company shares is not liable for debts of the business
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (A)
The owner of company shares is liable only up to the amount invested
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