When No Limited Partnership Certificate Is Filed,what Is the Result

question 27

Multiple Choice

When no limited partnership certificate is filed,what is the result?

• A) Only limited partners are fully liable.
• B) Only general partners are fully liable.
• C) Limited partners retain their limited liability.
• D) Both general and limited partners are fully liable.

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Definitions:

Variable Manufacturing Cost

Costs that vary directly with the level of production output, such as raw materials and direct labor.

Idle Capacity

The portion of a company's resources or production capacity that is not being used for production or generating revenue.

Variable Production Cost

Costs that change in proportion to the level of production output, such as raw materials and direct labor.

Supervisory Costs

Expenses associated with overseeing and managing employees or a production process.