When a Partnership or Sole Trader Business Fails, the Partners

question 1

True/False

When a partnership or sole trader business fails, the partners or sole trader, respectively, are fully responsible for all of the business' liabilities, or debts.

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Definitions:

Reliability Service Dimension

An aspect of service quality referring to the ability of a company to perform the promised service dependably and accurately.

Customer Service

The help and counsel given by an enterprise to customers who acquire or employ its goods or services.

Service Dimension

Aspects that define the quality and nature of a service, including tangibility, reliability, responsiveness, assurance, and empathy towards customers.

Tangibles

Tangibles are physical items or assets that can be seen, touched, and quantified, often used to assess service quality in businesses.