Explanation:

- Limited Liability (Option 1):

- Members are only responsible for company debts up to their investment in the company.

- Protects personal assets from business obligations.

- Most common for private and public companies.

- Correct Answer: Limited

- Unlimited Liability (Option 2):

- Members are personally responsible for all company debts.

- Applies mainly to sole proprietorships and partnerships.

- Stable (Option 3):

- Irrelevant term for liability. Relates to the financial condition or market stability.

- Fluctuating (Option 4):

- Not applicable to liability. Refers to changing or varying conditions.