A firm with two or more owners who have unlimited liability is known as
A) a partnership.
B) a proprietorship.
C) a corporation.
D) an establishment.

Name: A firm with two or more owners who have unlimited liability is known as A) a partnership. B) a proprietorship. C) a corporation. D) an establishment.
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Question

Quizplus · Accepted Answer

A partnership is a business structure where two or more individuals share ownership and have unlimited liability for the debts and obligations of the business.

A Firm with Two or More Owners Who Have Unlimited