A characteristic common to partnership and sole proprietorship is

Economics

JAMB 2006

A. limited liability
B. accessibility to loan
C. transferability of shares
D. unlimited laibility

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Correct Answer: Option D

Explanation

In both partnerships and sole proprietorships, the owners face unlimited liability, meaning they are personally responsible for all debts and obligations of the business.

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A characteristic common to partnership and sole proprietorship is

Correct Answer: Option D

Explanation

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