In which type of business, all owners share in gains... - Solved MCQs & Answer

542FinanceMedium

In which type of business, all owners share in gains and losses and all have unlimited liability for all business debts?

AGeneral Partnership

BSole-proprietorship

CCorporation

DLimited Partnerhsip

Correct answer

A. General Partnership

Explanation

General Partnership is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

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