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A General Partnership That, by Making the Statutorily Required Filing

question 55

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A general partnership that, by making the statutorily required filing, limits the liability of its partners for some or all of the partnership's obligations is known as a:


Definitions:

Electrical Energy

The energy derived from electric potential or kinetic energy, used to power countless devices and systems.

Efficient

Being effective without wasting time, effort, or resources; achieving maximum productivity with minimum wasted effort or expense.

Voltage Drop

Decrease in voltage measured after current passes through a resistance. Also known as voltage loss. See definition for the second of Kirchhoff’s Laws.

Ohmmeter

A device used to measure electrical resistance in units called Ohms.

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