36 What does a sole proprietors unlimited liability mean? (a) The owner may lose his or her...
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36 What does a sole proprietor’s ‘unlimited liability’ mean?
(a) The owner may lose his or her personal assets if the business fails
(b) The owner is not insured against the risks of running the business
(c) There is no limit to how much creditors can demand to be paid
(d) The sole proprietor is operating as a limited company
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Related Book For 
Accounting And Finance For Business
ISBN: 9780273773948
1st Edition
Authors: Geoff Black, Mahmoud Al-Kilani
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