Examlex
Which of the following statements regarding management in bureaucracies is FALSE?
General Partnership
A business structure where two or more individuals share ownership, as well as the responsibilities and liabilities of the business.
Limited Partnership
A partnership structure where one or more partners have limited liabilities, not exceeding their investment, while at least one partner has unlimited liability.
Limited Partners
Investors in a partnership whose liability is limited to the amount of their investment in the partnership.
Limited Liability
A legal structure that limits the personal financial liability of the owners or shareholders of a company to the amount that they have invested.
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