Which of the Following Statements Is True Regarding a Limited

question 38

Multiple Choice

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

• A) The limited partnership agreement is a public document.
• B) The certificate of limited partnership filed with the state details and determines the rights, responsibilities, and relationships of the partners.
• C) In order to form a limited partnership, the owners must file a certificate of limited partnership with the state.
• D) Limited partnerships are rarely governed by a partnership agreement.

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Definitions:

Horizontal Merger

A business consolidation that occurs between firms operating in the same industry, often to create more efficient economies of scale.

Chrysler

An American automotive company, known for manufacturing and selling vehicles, and part of the larger automotive group Stellantis.

American Motors

A now-defunct American automobile company that was known for producing vehicles from 1954 until 1987.

Alcoa Case

A landmark antitrust case in the United States in which the Aluminum Company of America (Alcoa) was found to have monopolized the aluminum industry through various means, leading to significant implications for antitrust law.