Which of the Following Statements Is False Concerning Limited Partnerships

question 114

Multiple Choice

Which of the following statements is false concerning limited partnerships?

• A) Limited partners are responsible for all debts of the partnership.
• B) Limited partners generally do not manage the partnership.
• C) In a limited partnership, all partners share is limited to the amount contributed to the partnership.
• D) Limited partnerships can bring in more partners.
• E) Limited partnerships have limited liability (to the extent of their investment).

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Definitions:

Cytoplasm Extensions

Structures such as pseudopodia that extend from the cell body to aid in movement or feeding.

Capillaries

Tiny blood vessels that connect arteries and veins, facilitating the exchange of water, oxygen, carbon dioxide, and other nutrients and waste substances between blood and tissues.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.

Motor End Plate

The specialized part of a muscle cell membrane at a neuromuscular junction where neurotransmitters from motor neurons signal the muscle to contract.