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Question Practice

In a partnership, what financial responsibility do partners generally have?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Forms of Business Organisation
Question Bank

In a partnership, what financi...

Single Answer MCQ
Q-00064448

In a partnership, what financial responsibility do partners generally have?

1

Only limited to their investment

2

Unlimited liability for business debts

3

No responsibility for losses

4

Only responsible for their fixed salaries

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