A Business Organization in Which Some of the Partners Are

question 271

Multiple Choice

A business organization in which some of the partners are not liable for partnership debts is called a(n) :

• A)no liability partnership
• B)unlimited liability partnership
• C)partial liability partnership
• D)local liability partnership
• E)none of the other choices are correct

---

Definitions:

Method of Authority

The acceptance of information or knowledge based on the credibility or expertise of the source, rather than on empirical evidence.

A Priori Method

An approach that derives conclusions through logical reasoning rather than from empirical observation, often used in philosophy and theoretical sciences.

Positivist Perspective

A philosophical approach that emphasizes observable, scientific facts as the only credible source of knowledge.

Same Outcome

Refers to the scenario where different methods or processes yield identical results or conclusions.