Which of the Following Would Not Be Personally Liable for the Debts

question 3

Multiple Choice

Which of the following would not be personally liable for the debts of the business?

• A) A sole proprietor.
• B) A partner in a general partnership.
• C) A general partner in a limited liability limited partnership.
• D) A general partner in a limited partnership.

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Definitions:

Optimal Order

The most efficient or cost-effective quantity of goods to order, taking into account factors such as demand, holding costs, and ordering costs.

Available Capacity

The amount of production capability or service availability that can be provided over a certain period of time.

Multiple Products

The strategy or situation of offering or managing a variety of different products instead of focusing on a single offering.

Postponement

A supply chain strategy that delays product customization or final assembly until customer orders are received, to reduce inventory costs and increase flexibility.