In what type of business do the owners bear no personal financial responsibility for the company's debts and obligations?

A) Partnerships.
B) Corporations.
C) Sole proprietorships.
D) In all of the businesses listed in the other answers.

Financial Responsibility

The obligation to manage one's resources prudently and ensure that all financial obligations are met.

Sole Proprietorships

A business structure where a single individual owns, operates, and is responsible for the business.

Corporations

Legal entities recognized by law as separate from their owners, with the ability to own assets, incur liabilities, and engage in contracts or legal actions.