Which of the Following Is a Similarity Between General Partnerships

question 16

Multiple Choice

Which of the following is a similarity between general partnerships and limited partnerships?

• A) They are created by a contractual agreement between two or more persons.
• B) Losses are divided equally among the partners.
• C) The personal liability of all partners is unlimited.
• D) All partners have an equal role in the management of the organization.

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Definitions:

Gap Between Rich And Poor

A term describing the widening disparity in wealth and income between the wealthiest and the poorest segments of a population.

Richest 20%

The segment of a population that holds the highest 20% of wealth or income.

Poorest 20%

Refers to the lowest quintile in an income distribution, representing the 20% of the population with the lowest income.

Faith Ringgold

Faith Ringgold is an American artist known for her narrative quilts that address issues of race, gender, and politics in the United States, blending visual art with story-telling.