A Partnership That Has at Least Two Classes of Partners,general

question 86

Short Answer

A partnership that has at least two classes of partners,general and limited,that allows the limited partners to have no personal liability beyond the amounts they invest in the partnership,and in which the limited partners have no active role except as specified in the partnership agreement is a ________________________ partnership.

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Definitions:

Scale

The process of increasing or expanding the scope of a company's operations or its ability to serve more customers effectively.

Market Size

The total volume of a product or service that is available for purchase within a particular market, often measured in terms of sales value or volume.

Design Pathway

A pathway that can uncover high-value opportunities because the entrepreneur is focusing on unmet needs of customers, specifically latent needs.

Effectuating Opportunities

The act of identifying and acting upon potential business opportunities by mobilizing resources and strategies.