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When a business has unlimited liability


Question

When a business has unlimited liability

Options

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

The correct answer is D.


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