Card 1 of 21
Under unlimited liability, what can happen if business debts cannot be paid?
A
The owner may lose only the original investment.
B
The debts may be automatically written off.
C
The government may cover all outstanding debts.
D
The owner may lose personal savings or assets.
Card 1 of 21
Types of business ownership Flashcards
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.