Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Political Science, Law, Economics & Current AffairsEconomics & Trade Terms
Which form of business has unlimited liabilities?
- A.Sole proprietorship
- B.General partnershipCorrect answer
- C.Joint stock company
- D.Limited liability company
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Practice these MCQs in the appQuick fact: A general partnership has unlimited liabilities, meaning partners are personally responsible for all business debts.