In the eyes of the law, a corporation is a legal "person," separate from its owners. Explain what this means
What will be an ideal response?
This means that the firm is a separate legal entity from its owners. Under the corporate form of business, the owners of a firm have limited liability, which means that if the firm fails, the owners can never lose more than the amount they have invested in the firm. The personal assets of the owners of the firm are not affected by the failure of the firm.
Economics
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Mechanic lien laws grant property rights to labor. They allow labor to make claims against the real property of businesses for work completed or materials supplied
Indicate whether the statement is true or false
Economics
Stable velocity of money is crucial component of the
a. monetarist model. b. Keynesian model. c. new Keynesian model. d. IS-LM model.
Economics