26. Mr. Simpson is liable for all the debts of his company Mr. Simpson has 10 points which type of business organization? corporation conglomerate sole proprietorship

The question is asking about the type of business organization where the owner is personally liable for all the debts of the business. This is a characteristic of a sole proprietorship. In a sole proprietorship, the business is owned and controlled by one individual, and there is no legal distinction between the owner and the business. This means that the owner is personally responsible for all the debts and liabilities of the business. In contrast, in a corporation or a conglomerate, the owners (shareholders or members) are not personally liable for the debts of the business. Therefore, the correct answer is "sole proprietorship".