In a Limited Partnership, the ______Partners Manage the Business and Have

question 119

Multiple Choice

In a limited partnership, the ______partners manage the business and have the rights and liabilities of partners in a general partnership.

• A) general
• B) limited
• C) legal
• D) head

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Definitions:

Cash Flow Uncertainty

The unpredictability regarding the amounts and timing of cash flows into or out of a business.

Marketable Securities

Short-term financial instruments that are easily convertible into cash, such as government bonds or certificates of deposit.

NPV

Net Present Value; a method used in capital budgeting to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.

Lockbox Services

Banking services that speed up the collection of payments from customers by using a special post office box accessible by the bank.