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:

Market-Based View

A strategic perspective that emphasizes the importance of external market conditions in shaping a firm's strategy and competitive advantage.

Industry Attractiveness

The desirability of an industry to firms and investors, based on factors like profitability, growth potential, and competition levels.

Organizational Resources

Assets, capabilities, processes, employee time, information, and knowledge that an organization controls, useful for creating and implementing strategies.

Tangible Resources

Physical and material assets owned by a business, such as buildings, machinery, and inventory.