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Card 1 of 21

Under unlimited liability, what can happen if business debts cannot be paid?

A

The owner may lose personal savings or assets.

B

The debts may be automatically written off.

C

The owner may lose only the original investment.

D

The government may cover all outstanding debts.

Card 1 of 21

Types of business ownership Flashcards

  1. A Level
  2. /Business
  3. /Types of business ownership

21 flashcards on OCR A Level Business Types of business ownership: the key terms, formulae and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards