Which of the Following Statements Is True About a Corporation

question 60

Multiple Choice

Which of the following statements is true about a corporation being a general partner in a limited partnership?

• A) A corporation can be a general partner in a limited partnership, but only if it is not the sole general partner.
• B) A corporation can be a general partner in a limited partnership, even if it is the only general partner.
• C) A corporation can be a general partner in a limited partnership, but only if another corporation is a limited partner.
• D) A corporation can be a general partner in a limited partnership, but only if there is at least two or more general partners.

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Definitions:

Unitary-elastic

A demand or supply situation where the percentage change in quantity demanded or supplied is exactly equal to the percentage change in price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Profit

The financial gain made by a business when revenue exceeds expenses.

Relationship

A connection, association, or involvement between two or more parties, often referring to interpersonal or business contexts.