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economics year 10 > business structures > Flashcards

business structures Flashcards

1
Q

What is unlimited liability ?

A

The business fails the personal assets of the owner can be used to repay business debts

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2
Q

What is limited liability ?

A

The business fails the personal assets of the owner can not be used to repay business debts

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economics year 10 (8 decks)

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