Which of the Following Is a Right of a Limited

question 171

Multiple Choice

Which of the following is a right of a limited partner in a limited partnership:

• A) the right to make hiring decisions
• B) the right to participate in the dissolution of the business
• C) the right to take an active role in managing the business
• D) both a and b are rights of a limited partner
• E) none of the other specific choices are rights of a limited partner

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Definitions:

Marginal Adjustment

Small, incremental changes made to a plan, system, or calculation in response to changes in circumstances or new information.

Marginal Changes

Small incremental adjustments to a plan of action, often analyzed in economics to understand the effects of slightly altering production, consumption, or investment.

Normative Economic Statements

Statements that reflect an opinion or judgment about what ought to be in the economy, focusing on what should happen or what ought to be.

Microeconomics: A Contemporary Introduction

An educational resource that provides an updated overview of the principles and applications of microeconomics.