Which of the Following Firms Has Unlimited Liability

question 191

Multiple Choice

Which of the following firms has unlimited liability?

• A) only proprietorships
• B) only partnerships
• C) only corporations
• D) both proprietorships and partnerships

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Definitions:

Detail Salesperson

A sales professional typically in the pharmaceutical or medical equipment industries, who provides detailed information about products to healthcare professionals.

Order-Takers

Individuals or employees within a company who handle straightforward purchase requests from customers, rather than actively selling or persuading.

Creative Sales Strategies

Innovative approaches used by companies to persuade potential buyers into purchasing products or services.

Selling Situation

The circumstances and environment in which a sales transaction takes place, including factors like customer needs and market conditions.