Which One of the Following Best Describes the Primary Advantage

question 24

Multiple Choice

Which one of the following best describes the primary advantage of being a limited partner rather than a general partner?

• A) Entitlement to a larger portion of the partnership's income
• B) Ability to manage the day-to-day affairs of the business
• C) No potential financial loss
• D) Greater management responsibility
• E) Liability for firm debts limited to the capital invested

---

Definitions:

Secondary Lock

Any of a number of different types of backup locking device; an example is the secondary locking device used on most fifth wheels, which is either manually or automatically engaged.

Stitch Welded

A welding process where welds are made at intervals along the pieces being joined, rather than in a continuous seam, to hold the pieces together while limiting heat distortion.

AWS E-11018

A specification for a type of covered electrode used in shielded metal arc welding, known for its excellent mechanical properties and crack resistance.