It Is Possible to Limit the Liability Faced by Some

question 78

Multiple Choice

It is possible to limit the liability faced by some of the partners in a partnership form of business by establishing a _____. 

• A)limited liability partnership (LLP)
• B)general partnership
• C)Proprietorship
• D)concentrated partnership
• E)limited accumulation partnership

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.