Which of the Following Is a Key Difference Between a Master

question 55

Multiple Choice

Which of the following is a key difference between a master limited partnership (MLP) and other forms of partnerships?

• A) A MLP allows partnerships to sell units of ownership to the general public.
• B) Other partnerships should have more members than an MLP.
• C) Other partnerships have double-taxation disadvantage unlike an MLP.
• D) A MLP allows the partners to have limited liability on their investments.
• E) A MLP is characterized by double taxation unlike the other forms of partnerships.

---

Definitions:

Mesosystem

In Bronfenbrenner's ecological systems theory, the mesosystem refers to the connections between the microsystems or the settings where an individual actively participates (e.g., home, school, workplace).

Ecological-Systems Approach

A framework for understanding the complex interrelations between individuals and their various environments, from immediate surroundings to broader societal influences.

Interactions

Exchanges or direct involvements between two or more parties, entities, or substances.

Chronosystem

A component of the ecological systems theory that encompasses the timing of life events and environmental changes and their impact on development.