Which of the Following Statements Is True Under the 2001

question 37

Multiple Choice

Which of the following statements is true under the 2001 revision to the Revised Uniform Limited Partnership Act (RULPA) ?

• A) A limited partner cannot be held liable for the partnership debts unless he or she participates in the management of the limited partnership.
• B) A limited partner can be held liable for the partnership debts under any circumstance.
• C) A limited partner can be held liable for the partnership debts if he or she receives profits.
• D) A limited partner cannot be held liable for the partnership debts even if he or she participates in the management and control of the limited partnership.

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Definitions:

Net Capital Outflows

The value of domestic assets purchased by foreigners minus the value of foreign assets purchased by residents of a country.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.

Imports

Goods and services that are produced abroad and sold domestically

Net Exports

The value of a country's total exports minus its total imports.