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WAEC Economics 1999 Question 39

Question 39

Business Organisations

In ordinary partnership, the risks are

  1. A.borne by the workers
  2. B.borne by the creditors
  3. C.shared among the partners
  4. D.undertaken by the active partner
Show the answer and explanation

Answer: C (shared among the partners)

Explanation

In an ordinary partnership all partners share the risks and have unlimited liability.