A Business Partner Whose Potential Financial Loss in the Partnership

question 44

Multiple Choice

A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:

• A) general partner.
• B) sole proprietor.
• C) limited partner.
• D) corporate shareholder.
• E) zero partner.

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Definitions:

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Feeling States

Emotional conditions or responses that are experienced by individuals, influenced by external and internal factors.

Physiological Tendencies

Inherent biological or bodily inclinations that influence behavior, reactions, and physical states of an individual.

Attitudes

A psychological construct representing an individual's degree of like or dislike for an item.