There Are Three Forms of Business Organization

question 27

Multiple Choice

There are three forms of business organization.Which of the following has unlimited liability?

• A)Only statement I is correct
• B)Only statement II is correct
• C)Both statements I and II are correct
• D)Neither statement I nor II is correct

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Definitions:

Largest Living Generation

A demographic term often used to describe the population segment with the highest number of living members at a given time.

Millennials

The generation of people born approximately between the early 1980s and late 1990s to early 2000s, known for their familiarity with technology and digital environments.

Nearing Retirement Age

The stage in a person's life when they are approaching the age at which they are eligible to retire from work.

Baby Boomers

A demographic group composed of individuals born approximately between 1946 and 1964, known for being a significantly large generation.