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Which type of business organization is a separate legal entity whose owners are not personally liable for the debts of the business? a) Corporation b) Partnership
Which type of business organization is a separate legal entity whose owners are not personally liable for the debts of the business?
a) Corporation
b) Partnership
Expert Solution
The correct answer is a) Corporation
Corporation is a type of business organization wherein the legal form of the business is separate from its owners or its shareholders.
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