Question

unlimited liability means
select one:
o a. you are only liable for the money you invest in the business.
o b. you are liable for whatever advertising promises your firm makes.
o c. when you own your own business, you are responsible for all the business debts.
o d. as a franchisee your franchisor is responsible for the debts of the franchise.

Explanation:

Unlimited liability implies that business - owners are personally responsible for all the debts of the business. It means their personal assets can be used to settle business debts. Option a describes limited liability. Option b is about advertising liability which is different from unlimited liability. Option d is about the franchisor - franchisee debt relationship, not unlimited liability.

Answer:

C. when you own your own business, you are responsible for all the business debts.