Which of the Following Is the Most Basic Type of Partnership

question 54

Multiple Choice

Which of the following is the most basic type of partnership?

• A) Limited partnership.
• B) Limited liability partnership.
• C) General partnership.
• D) Sole proprietorship.

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Definitions:

Proposition

An expressed opinion or statement, often one put forward for consideration or argument.

Connectives

Words or phrases in grammar or logic that connect statements, clauses, sentences, or words, forming a compound statement.

Clause

A group of words in a sentence that contains a subject and a predicate, either of which can be independent or dependent.

Predicates

The part of a sentence or clause expressing what is said about the subject; in logic, it refers to the attribute that is affirmed or denied of the subject.