Which type of business organization has the advantage of specialization of tasks or goods/services offered BUT the disadvantage of unlimited liability?

Question 3 options:

A)

oligopoly

B)

partnership

C)

corporation

D)

sole proprietorship

Question

English

Guest

1 January, 08:24

Which type of business organization has the advantage of specialization of tasks or goods/services offered BUT the disadvantage of unlimited liability?

Question 3 options:

A)

oligopoly

B)

partnership

C)

corporation

D)

sole proprietorship

+2

Answers (1)

Know the Answer?

Jeffrey Stokes · Answer 1

The type of business organization that has the advantage of specialization of tasks or goods/services offered but the disadvantage of unlimited liability is B. partnership. The other options do not offer the same opportunities and conditions that a partnership does, which is why this is the correct answer. A partnership is a type of an organization where two or more parties share the profits they earn as a result of their mutual work.

Which type of business organization has the advantage of specialization of tasks or goods/services offered BUT the disadvantage of unlimited liability?Question 3 options:A)oligopolyB)partnershipC)corporationD)sole proprietorship

Which type of business organization has the advantage of specialization of tasks or goods/services offered BUT the disadvantage of unlimited liability?

Question 3 options:

A)

oligopoly

B)

partnership

C)

corporation

D)

sole proprietorship