In A(n) _____, All Partners Assume Unlimited Personal Liability and Responsibility

question 10

Multiple Choice

In a(n) _____, all partners assume unlimited personal liability and responsibility for management of the business.

• A) limited partnership
• B) general partnership
• C) S-corporation
• D) sole proprietorship
• E) limited liability company (LLC)

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Definitions:

Nineteenth Century

The period from 1801 to 1900, characterized by significant political, social, and technological change worldwide.

Conjunctions

Words used to connect clauses or sentences, or to coordinate words in the same clause, such as "and," "but," "or," and "so."

Punctuated Correctly

Written or arranged with proper use of punctuation marks to clarify meaning.

Soy Sauce

A dark, salty liquid condiment, traditionally made by fermenting soybeans and wheat, used in various cuisines, particularly East Asian and Southeast Asian.