Which of the Following Does Not Require a Duty of Care

question 44

Multiple Choice

Which of the following does not require a duty of care or good faith to other principals?

• A) A sole proprietorship.
• B) A general partnership.
• C) A limited partnership.
• D) A family limited partnership.

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Definitions:

Inventory

The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Corporate Strategy

The overarching strategy of a company, focusing on overall direction, resource allocation, and long-term objectives.

Allocate Resources

The process of distributing available resources, such as funds, materials, and labor, among various projects or departments to achieve organizational goals.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.