Which of the Following Happens When a General Partner Withdraws

question 2

Multiple Choice

Which of the following happens when a general partner withdraws from a limited partnership?

• A) The partnership must be sold.
• B) The partnership is transferred.
• C) The partnership is dissolved.
• D) The partnership operates normally.

---

Definitions:

Profit Maximized

The condition in which a firm achieves the highest possible level of profit through the optimization of production and pricing strategies.

Sales Level

The actual quantity or volume of products or services sold within a specific time frame.

Break-even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue.

Total Revenue

Total revenue is the complete amount of money earned by a business from its sales of goods or services, before any expenses are subtracted.