For a travel agency, which form of ownership has the highest degree of risk?

Question

Quizplus · Accepted Answer

Private ownership has the highest degree of risk as the owner is solely responsible for all financial and legal liabilities. They have unlimited personal liability and can lose their personal assets if the business runs into any financial trouble or legal issues. Limited partnership, franchise, and chain agency have some form of shared liability or support system that can help mitigate risks.

For a Travel Agency, Which Form of Ownership Has the Highest