A ____ Is an Unincorporated Business Association Consisting of at Least

question 57

Multiple Choice

A ____ is an unincorporated business association consisting of at least one general partner and at least one limited partner.

• A) joint venture
• B) limited liability company
• C) limited liability partnership
• D) limited partnership

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Definitions:

Primary Purpose

The main or most important reason for something's existence or function.

Visual Metaphor

A visual representation that uses an image to symbolically represent another concept, making abstract ideas more understandable.

Core Competencies

The main strengths or strategic advantages of a business, including the combination of pooled knowledge and technical capacities.

Sustainable Competitive Advantage

A long-term advantage over competitors achieved by offering greater value to consumers, not easily replicable.