A General Partner

question 36

Multiple Choice

A general partner

• A)cannot lose more than the amount of his/her equity investment.
• B)has less legal liability than a limited partner.
• C)faces double taxation whereas a limited partner does not.
• D)has more management responsibility than a limited partner.
• E)is the term applied only to corporations that invest in partnerships.

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Definitions:

Unconditioned

In behavioral psychology, refers to stimuli or responses that are natural and do not require learning to manifest.

Conditioned

The process by which an individual's behavioral response is learned or modified through experience or training.

Learned

Acquired knowledge or skills through experience, study, or being taught.

Habituation

Habituation is the psychological process in which there is a decrease in response to a repeated stimulus over time.