Question

Which of the following is a business in which all partners share in both responsibility and liability?

general partnership


limited partnership


sole proprietorship


multinational corporations (MNCs)

Answer 1

The answer here is A. a general partnership

Step-by-step explanation:

Answer 2

The correct answer is general partnership

In a general partnership everyone shares everything equally. If a company fails, all people are responsible and liable. In a limited partnership, only those who were at fault for bad things suffer the consequences while the others are safe from criminal or civil prosecution. Sole proprietorship is usually for small businesses like having a local store or being a shoemaker or similar things.