The community of limited liability is defined by commercial interests and government agencies-NOT by internal community awareness.

Question

Quizplus · Accepted Answer

The community of limited liability is primarily defined by commercial interests and government agencies, rather than by a shared sense of community among its members. Limited liability entities like corporations exist primarily to protect their investors from personal liability, and are oriented towards maximizing profits rather than building a cohesive community. While some corporations may foster a sense of internal community among their employees and stakeholders, this is not the primary defining characteristic of limited liability entities.

The Community of Limited Liability Is Defined by Commercial Interests