Name the form of Business Organisation in which members are jointly and     individually liable to pay firms debts :

Time left 1:52:14Question 7Not yet answeredMarked out of 0.50Flag questionQuestion textName the forms of Business Organizations in which members are jointly and individually liable to pay the debts of that entity:a) Sole Proprietorshipb) Partnershipc) Joint Stock Companyd) Building Societie

In which business structure is the owner personally liable for business debts and obligations?1 puntoA) CorporationB) Limited Liability Company (LLC)C) PartnershipD) Sole Proprietorship

Which of the following statements concerning business entities is incorrect:a.The liability of shareholders to contribute to the debts of their company is normally limitedb.Partnerships are regarded as separate legal entitiesc.Individual partners are personally liable for partnership debtsd.A sole proprietorship is an accounting entitye.The shareholders of a Public Listed Company do not automatically receive dividend payments when a company makes a profit during the current financial yearselect an ans

Payments to shareholders are called: Group of answer choices expenses. liabilities. dividends. liabilities.

The obligations or debts of a business to third party creditors.Select one:a.Assetsb.Journalc.Ledgerd.Liabilities