A Partnership in Which Management Responsibilities and Profits Are Divided

question 52

Multiple Choice

A partnership in which management responsibilities and profits are divided usually equally among the partners, and all partners have unlimited personal liability for the partnership's debts is called as a(n) ________.

• A)nominal partnership
• B)active partnership
• C)equal partnership
• D)general partnership

---

Definitions:

Union

A union in programming, especially in languages like C, is a type that allows storing different data types in the same memory location.

Memory Locations

Specific addresses in a computer’s memory where data is stored.

Different Data Type

Refers to various types of data that a programming language can handle, such as integers, floating-points, characters, etc.

Union

A data structure that allows the storage of different data types in the same memory location.