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When a business has unlimited liability

Economics
JAMB 1985

When a business has unlimited liability
  • A. all its profits can be taxed away by the government
  • B. all its assets are owned by the members of its board of directors
  • C. the business ceases to exist at the death of one of its owners
  • D. the owners are responsible for all its financial debts
  • E. the owners are not responsible for all its financial debts
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Correct Answer: Option D
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