Which of the Following Is a Distinguishing Feature of a Limited

question 30

Multiple Choice

Which of the following is a distinguishing feature of a limited partnership?

• A) The liability of each partner is limited to their capital contributions.
• B) The liability of some partners is limited to their capital contributions.
• C) Limited partners may participate in the day-to-day management of the firm.
• D) Limited partnerships are only available to professionals.

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Definitions:

Subcultures

Smaller cultures that develop within a larger organizational culture and are based on differences in training, occupation, or departmental goals.

Beliefs

Acceptance that something exists or is true, especially without proof, or the held opinions or convictions of an individual or group.

Institutionalized Socialization

The process by which individuals learn and adapt to the norms and roles expected of them by an organization or society at large.

Individualized Socialization

A personalized approach to integrating a new member into a group or organization, taking into account their unique needs and abilities.