Under Slovenian commercial law, what is the extent of financial liability for an individual registered as a sole proprietor (s.p.)?
Answer and explanation
Correct answer: A. Unlimited personal liability with all private and business assets
- Step 1: A samostojni podjetnik (s.p.) is not a separate legal entity, meaning the natural person is personally and unlimitedly liable for all business debts with all their personal property. Answer: Unlimited personal liability with all private and business assets. Why not the others: Limited liability applies to capital companies like d.o.o. and d.d., and no commercial business form confers zero liability.
Practise more Microeconomics, Business Operations, Financial Management and the Macroeconomic Environment.
Free questions with an explanation for every one, and full timed Poklicna matura (Vocational Matura Slovenia) mock tests.
More Microeconomics, Business Operations, Financial Management and the Macroeconomic Environment questions
- In microeconomics, what fundamental economic concept describes the value of the next best alternative forgone when making a decision?
- In market analysis, what effect does an increase in the market price of a normal good generally have on consumer demand, ceteris paribus?
- In microeconomic theory, what is the term for a market structure characterized by a single seller supplying a unique product with no close s…
- In business production, which of the following is classified as a fixed cost in the short run?
- In price elasticity analysis, what does a price elasticity of demand coefficient with an absolute value greater than one (|Ed| > 1) indicate…
- In economic analysis, at what point is market equilibrium achieved in a competitive market for consumer goods?