Which of the Following Is True of Limited Partnerships

question 25

Multiple Choice

Which of the following is true of limited partnerships?

• A)Limited partners are liable for the debts of the partnership.
• B)The partnership must file a certificate with the secretary of state.
• C)Limited partners are fiduciaries.
• D)Limited partnerships can be created only under federal statutes.

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Definitions:

Social Support

The provision of emotional, informational, or practical assistance from individuals or groups to someone who needs it.

Workplace Aggression

Any form of hostile behavior expressed by employees in the workplace, which can include verbal or physical abuse.

Career Development

The continuous journey of learning and growth that a person undergoes to advance their professional life and achieve their career goals.

Role Ambiguity

The uncertainty or lack of clarity surrounding the expectations, responsibilities, or performance criteria of a specific role within an organization.