Which of the Following Business Organizations Has General Partner(s)and Limited

question 20

Multiple Choice

Which of the following business organizations has general partner(s) and limited partners that have limited liability?

• A)Limited Liability Company
• B)Limited Partnership
• C)Limited Corporate Partnership
• D)S Corporation

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Definitions:

External, Situational

Factors or circumstances in the environment that are outside of an individual's control but can affect their behavior or decisions.

Geert Hofstede

is a social psychologist known for his research on cross-cultural groups and organizations, especially for developing cultural dimensions theory.

National Cultures

The shared customs, traditions, behaviors, and beliefs characteristic of a particular country or group of people.

Structured VS. Unstructured

A comparison between organized, clearly defined methods and those that are more flexible, lacking specific procedures or rules.