Which of the Following Is NOT Correct Regarding a Limited

question 65

Multiple Choice

Which of the following is NOT correct regarding a limited liability partnership?

• A) It is the same as a limited partnership.
• B) A registered limited liability partnership is a general partnership that makes a statutorily required filing.
• C) All of the states authorize them.
• D) All of these.

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Definitions:

Entity Theorists

Individuals who believe that personal attributes, such as intelligence or personality, are fixed and cannot be changed.

Incremental Theorists

Individuals who believe that abilities and intelligence can grow and improve over time with effort and practice.

Status Quo Bias

The preference to maintain current circumstances or resist changes.

Changing

Refers to the process of making something different from what it was before.