First developed in the late 1880s in response to increasing corporate complexity and growth,the concept of __________________ refers to laws protecting individual shareholders from financial liability if businesses are sued or fail.

Question

Quizplus · Accepted Answer

The concept described in the question is limited liability, which protects individual shareholders from financial liability if the business they invest in is sued or fails. Antitrust legislation and acts pertain to laws regulating competition in the market, and are not directly related to shareholder protection.

First Developed in the Late 1880s in Response to Increasing