Economics WAEC

When a business has an unlimited liability?

A. the owners 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 belong to the members of its board of directors
E. it ceases to exist at the death of one of its owner

Correct Answer:

Option C – the owners are responsible for all its financial debts

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