Which of the Following Types of Liability Do General Partners

question 72

Multiple Choice

Which of the following types of liability do general partners of a limited partnership have for the debts and obligations of the limited partnership?

• A) unlimited personal liability
• B) limited capital liability
• C) liability of termination as partner
• D) limited personal liability

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Definitions:

Team Dynamics

The behavioral and psychological forces that influence the direction and performance of a team.

Workforce Diversity

The inclusion of individuals with a wide range of characteristics and traits, such as age, gender, ethnicity, and background, within an organization.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, typically aiming at solving a problem or achieving a goal.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, typically driven by international trade and investment and aided by information technology.