A Business Partner Whose Potential Financial Loss in the Partnership

question 41

Multiple Choice

A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:

• A)generally partner.
• B)sole proprietor.
• C)limited partner.
• D)corporate shareholder.
• E)zero partner.

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Definitions:

Out-group

A social group toward which an individual feels a sense of competition or opposition, often leading to discrimination or hostility.

Loyalty

A strong feeling of support or allegiance to someone or something.

Anomie

A state or condition of society where there is a breakdown or absence of social norms and values, often leading to a sense of aimlessness or despair.

Bowling leagues

Organized groups of teams that compete in bowling tournaments, often serving as social gatherings in addition to competitive events.