Which of the Following Is False Regarding Limited Partnerships

question 38

Multiple Choice

Which of the following is false regarding limited partnerships?

• A) General partners of a limited partnership remain jointly and severally liable for partnership obligations.
• B) Limited partners assume no liability for partnership debts beyond the amount of capital they contributed.
• C) Limited partners are responsible for the management of the partnership.
• D) Limited partnerships are often used to raise capital.

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Definitions:

Downsizing

Reducing employment to improve efficiency, productivity, and competitiveness.

Safety Climate

The shared perceptions and attitudes within an organization concerning the importance and implementation of safety measures and practices.

Safety Motivation

The drive and commitment to adhere to practices and behaviors that ensure the safety and well-being of oneself and others in the workplace.

Health and Safety Legislation

Legal provisions and regulations designed to protect employees from workplace hazards and ensure a safe working environment.