Limited liability in Economics means that
...Limited liability in Economics means that
A shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested
A shareholder's liability for the debt company is dependent on how much he is owing
Shareholders can not be asked to pay for the debts of the company
Shareholders try to ensure that only a small proportion of the debt comes to them
Shareholders want all the debts paid equally
Correct answer is A
No explanation has been provided for this answer.
The central banks control credit in the economy through the use of ...
A rational consumer will purchase a product whose price is? ...
Which of the following economic system is in operation in Nigeria? ...
The average revenue curve of a firm in a perfect market is the same as the ...
A major obstacle to the development of Nigeria economy is ...
The determination of wages in a labour market depends on the______ ...
When price is set below equilibrium, this will lead to ...
Increase in supply due to changes in plant size will take place only in the ...
The largest liability appearing in the book of a commercial bank is ...