In the Context of Legal Forms of Business, a General

question 60

Multiple Choice

In the context of legal forms of business, a general partner in a limited liability partnership

• A)has unlimited liability for any debts or judgments against the firm.
• B)is not active in the management of the firm.
• C)acts as an independent external advisor to the firm.
• D)is not responsible for liabilities owed if the firm goes bankrupt.

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Definitions:

Verbal Phrase

A verbal phrase in mathematics refers to a phrase that describes an operation or relation between quantities or variables in words rather than symbols or equations.

Verbal Description

An explanation or representation of a mathematical concept or problem using words.

Algebraic Expression

An algebraic expression is a mathematical phrase that can contain numbers, variables, and operation symbols but does not have an equality sign.

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, letters (variables), and operators, indicating operations to be performed.