jaimeyulisa jaimeyulisa

03-02-2017
Business

contestada

What type of business organization has the advantage of specialization but the disadvantage of unlimited liability? A) corporation B) sole proprietorship C) partnership D) oligopoly

Respuesta :

AAllen13 AAllen13

10-02-2017

B sole proprietorship

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jepessoa jepessoa

05-01-2020

Answer:

C) partnership

Explanation:

General partnerships can usually offer specialized goods or services. A partnership is a type of business where 2 or more partners work together and share profits, but they also share unlimited liability towards the partnership's debts and obligations.

The problem with unlimited liability is usually solved by forming a limited liability partnership (LLP) or a limited liability company (LLC).

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