An Imprecise Term for Intermediaries That Perform a Variety of Functions,including

question 21

Multiple Choice

An imprecise term for intermediaries that perform a variety of functions,including selling,maintaining inventories,extending credit,and so on,is

• A)agents.
• B)brokers.
• C)retailers.
• D)wholesalers.
• E)distributors.

---

Definitions:

Revised Uniform Limited Partnership Act

A set of laws adopted by some states to govern the formation, operation, and dissolution of limited partnerships.

Uniform Limited Liability Company Act

A comprehensive statute that provides a legal framework for the formation, operation, and dissolution of limited liability companies (LLCs) in the United States.

LLCs

Limited Liability Companies; a flexible form of enterprise that blends elements of partnership and corporate structures, offering limited liability protection to its owners.

Limited Partnership Origin

The beginning or establishment of a partnership structure where there are one or more general partners with unlimited liability, and one or more limited partners with liability limited to the amount of their investment.