Question 24

When a business has an unlimited liability

  • A.the owner are not responsible for all its financial debts
  • B.all its profits can be taxed by the government
  • C.the owners are responsible for all its financial debts
  • D.all its assets belongs to the members of its board of directors
  • E.it ceases to exist at the death of one of its owner
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1990
Question no.
#24
Type
Objective

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