Question

Which type of business organization has the advantage of specialization of tasks or goods/services offered BUT the disadvantage of unlimited liability?

Question 3 options:

A)
oligopoly


B)
partnership


C)
corporation


D)
sole proprietorship

Answer 1

The type of business organization that has the advantage of specialization of tasks or goods/services offered but the disadvantage of unlimited liability is B. partnership. The other options do not offer the same opportunities and conditions that a partnership does, which is why this is the correct answer. A partnership is a type of an organization where two or more parties share the profits they earn as a result of their mutual work.