A Business Structure in Which One or More of the Owners

question 16

Multiple Choice

A business structure in which one or more of the owners may be granted limited liability as long as one partner is designated a general partner is called a

• A) General partnership
• B) Fragmented partnership
• C) Limited partnership
• D) Segmented partnership

---

Definitions:

Financial Markets

Financial markets are marketplaces where individuals and entities can trade securities, commodities, and other financial instruments in order to facilitate funding, investing, and risk management.

Advantage

The benefit or edge that a person, organization, or situation has over another.

Future Outlook

An estimate or forecast of a future situation or trend based on current data or trends.

Nominal Rate

The rate of interest before adjustments for inflation, representing the face value of financial products.