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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

Verified Answer :

W0lf93

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.