Need help on Business Law take home test

When a general business partnership fails, the partners: lose only their investment. May be required to pay partnership debts from personal assets. Can waive their limited liability. Are liable for losses equivalent to their own individual contributions. A__ provides the greatest ease of management. close corporation sole proprietorship limited partnership Under the business judgment rule, corporate managers: must not make uniformed decisions. May have conflicts of interest are not required to make reasonable investigations. May not benefit even as shareholders. In which of the following classes of corporation are the controlling shareholders the only managers of the business? For-profit corporation Close corporation Not-for-profit corporation Publicly held corporation The __ rule states what an employee's sole remedy against an employer for workplace. Injury or illness shall be workers' compensation. Assumption of the risk exclusive remedy fellow-servant contributory negligence shelter "piercing the corporation veil" implies that: a corporate is held liable for money laundering. corporate shareholders are stripped of their limited liability to prevent unfair result an entity is treated as one and the same as its owners. members will not be personally liable for the debts