Which One of the Following Best Describes the Primary Advantage

question 28

Multiple Choice

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

• A)tax-free income
• B)active participation in the firm's activities
• C)no potential financial loss
• D)greater control over the business affairs of the partnership
• E)maximum loss limited to the capital invested

Understand the psychological importance of job titles.

Acknowledge the importance of job analysis in validating HR practices and its relation to job-relatedness.

Identify the relationship between job requirements and training needs through KSAOs.

Comprehend the components and importance of job descriptions and specifications.

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Definitions:

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.

Compounded Daily

A method of calculating interest where the interest amount is added to the principal sum at the end of each day, leading to interest earned on interest.

Compounded Monthly

The process of adding interest to the principal sum of a deposit or loan, with the effect that interest is then earned on the interest from the previous period.

Compounds Interest Continuously

A method of calculating interest where the interest earned is added to the principal so that the next interest calculation is on the sum of the principal plus previously earned interest.