You form an LLC to protect yourself from personal liability. The business fails and there are debts remaining. Under which of the following circumstances would you be personally liable for business debts.
A. Customers did not buy the goods that your business produced and now you must pay back your suppliers.
B. You signed documents personally securing the debts of the business.
C. You did not have sufficient experience to make good decisions on behalf of the business.
Ans: you signed documents personally securing the debts of the business
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A firm using the market penetration strategy would try to attract new customers to existing products
Indicate whether the statement is true or false a. True b. False
Christian Kniski has developed a new technology that uses miniature computerization to analyze DNA specimens. His next step after developing the product should be to work to find an application for this new technology through which of the following?
a. applied research b. product development c. concept testing d. basic research