Answer:
The correct answer is false.
Explanation:
According to the question, the correct answer is false because a corporation is a type of business where the owners of the firm are not responsible for the debt of the firm.
Under corporation type of business, the only amount which is invested in the firm by the owner can be used to pay the debt.
This statement shows the proprietorship type of business in which the owner's personal wealth can be used to pay the amount of debt.
