A Limited Partnership Attempts to

question 71

Multiple Choice

A limited partnership attempts to

• A) avoid the problem of unlimited liability for the owners.
• B) limit the number of partners who may purchase a share of ownership.
• C) provide for continuity of operation upon the departure of one of the partners.
• D) limit the number of partners who may vote at board meetings.
• E) limit the geographical area of operation for a business firm.

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Definitions:

Human Resource Forecasting

The process of predicting an organization's future human resource needs based on current data and trends to ensure it meets its objectives with the right number of employees having the necessary skills.

Organizational Competencies

The combination of skills, knowledge, and behaviors that are critical for an organization to achieve its goals and be successful.

Core Capabilities

The essential skills, knowledge, and abilities that a company possesses, which give it a competitive advantage in its industry.

Competitive Advantage

The unique attributes or circumstances that allow a company to produce goods or services better or more cheaply than its competitors.