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

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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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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