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Ali incorporated his business so that he has unlimited liability to shield him against personal liability claim by the creditors

Ali incorporated his business so that he has unlimited liability to shield him against personal liability claim by the creditors

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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true or false

1. Ali incorporated his business so that he has unlimited liability to shield him against personal liability claim by the creditors

 2. Applying first-aids to an injured worker while waiting for an ambulance to send him to hospital is a risk management technique called salvage.

3. Deductible can be used to retain property losses

4. Removing undamaged inventories from a burnt warehouse is a risk management technique called rehabilitation

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