In a General Partnership, Which of the Following Is True

question 44

Multiple Choice

In a general partnership, which of the following is true?

• A)a general partner and a limited partner jointly manage the business
• B)two or more people manage and share in the profits and losses of the business
• C)two or more people manage the business under the direction of a board of directors
• D)taxes are paid on the corporation

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Definitions:

Adrenarche

A time in middle childhood when the adrenal glands begin producing the adrenal hormone DHEA and other hormones that affect cognitive and social development.

Adrenal Hormone

Hormones produced by the adrenal glands located above the kidneys, including adrenaline and cortisol, which are involved in stress responses, metabolism, and immune system regulation.

DHEA

Dehydroepiandrosterone, a hormone produced by the adrenal glands that serves as a precursor to sex hormones.

Moral Sense

An innate or developed capacity within humans to judge actions as right or wrong based on societal norms and personal ethics.