Which of the Following Statements Is True Regarding Limited Partners

question 36

Multiple Choice

Which of the following statements is true regarding limited partners in a limited partnership?

• A) Both the right to manage and the right to bind the limited partnership are reserved to the limited partners.
• B) The limited partners of a limited partnership are personally liable for the partnership's debts.
• C) The limited partners have the power to bind the partnership.
• D) The limited partners do not have any say in the ordinary operations of the partnership.

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Definitions:

Marginal Means

The means of subsets of data, taking into account the influence of one or more other variables.

Main Effect

The direct impact of an independent variable on a dependent variable in an experiment or study.

Significant

Indicating that the observed findings in data are unlikely to have occurred by chance, according to a predetermined threshold.

Marginal Mean

The mean value of a variable in a dataset, considering all levels of other variables in a multi-way table or factorial design.