Which One of the Following Would Correctly Differentiate General Partners

question 71

Multiple Choice

Which one of the following would correctly differentiate general partners from limited partners in a limited partnership?

• A) General partners have more job experience.
• B) General partners have an ownership interest.
• C) General partners are subject to double taxation.
• D) General partners have unlimited personal liability.

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Definitions:

Civilian Focus

A policy or approach that primarily addresses the concerns, needs, or participation of the general non-military population.

Industrial Cluster

A geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field, which can drive innovation and productivity.

Silicon Valley

A region in Northern California known for its significant number of innovative tech companies and startups.

Software Makers

Individuals or companies that develop, create, and sometimes distribute software applications or systems, contributing to the technology and information sectors.