Correct Answer: Option C

Explanation

One of the disadvantages of a one-man business is that the liability is unlimited. This means that in the event that the business folds up, the business owner is expected to pay his debt even if it means using his personal properties and assets to settle the business creditors.

Whereas in limited liability companies, business owners cannot use their personal assets to settle business debts because the business liability is limited to the invested amount.

• According to the Bragg–Gray cavity theory, how is the dose to the medium surrounding the chamber related to the dose... Answer this

  1 Answers   ·   43 minutes ago
• I lost my phone and my SIM card was used for my email and jamb last two years,thou I had... Answer this

  1 Answers   ·   29 minutes ago
• Please if you said you are mathematics wizard or witch, solve the question and see that is not as simple... Answer this

  5 Answers   ·   Mathematics   ·   4 days ago