What Is a Positive Feature of Carrying on Business as a Limited

question 65

Multiple Choice

What is a positive feature of carrying on business as a limited partnership?

• A) All partners are completely shielded from negligent or wrongful acts of partners.
• B) They can be used as an investment device.
• C) They can be created informally.
• D) All partners have the same rights.

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Definitions:

Civil-defense System

A framework of measures, including emergency services and community protocols, designed to protect the civilian population in the event of a national emergency, especially wartime calamities.

Immigration Quotas

Laws or policies setting limits on the number of immigrants allowed to enter a country each year.

Racially Based

Racially Based pertains to actions, decisions, or policies that are influenced by race or ethnicity, often leading to unequal treatment or discrimination.

Legislative Priority

A term referring to the ranking or importance given to pending bills or policies by a legislative body, determining the order in which they are considered.