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:

Delegating Authority

The act of assigning decision-making power and tasks to subordinates in an organizational setup, enhancing efficiency and empowerment.

Knowledge

Information, understanding, or skills acquired through experience or education; the theoretical or practical understanding of a subject.

Increased Cost

A rise in the financial expenditure required for resources, materials, labor, or operations relative to initial estimates or historical norms.

Organizational Skills

The ability to use time, energy, resources, etc., efficiently and effectively to achieve desired outcomes.