Which of the Following Best Describes Who May Be a Partner

question 26

Multiple Choice

Which of the following best describes who may be a partner in a limited partnership?

• A) an individual
• B) an individual and a corporation
• C) an individual, a corporation, and a limited partnership
• D) an individual, a corporation, a limited partnership and an estate
• E) an individual, a corporation and an estate

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Definitions:

Means-Tested Programs

Governmental assistance programs that provide benefits only to individuals or families whose incomes fall below a certain level.

Minimum Income

A level of income deemed necessary for a person to live on; often related to proposals for a guaranteed minimum income by governments.

Income Inequality

The uneven distribution of income within a population, often measured using indices like the Gini coefficient.

International Trade

The exchange of goods and services across national borders, influenced by comparative advantages and trade policies.