In a Limited Partnership,who Has No Part in the Management

question 58

Multiple Choice

In a limited partnership,who has no part in the management of the business?

• A)General partners
• B)Limited partners
• C)Special partners
• D)General partners,limited partners,and special partners
• E)General and special partners,but not limited partners

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Definitions:

Master Budget

A comprehensive financial planning document that consolidates all of a company's individual budgets, including sales, production, and cash budgets.

Credit Sales

Sales transactions where the payment is deferred to a future date, allowing customers to purchase goods or services on credit.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Cash Budget

A budget that estimates cash inflows and outflows over a specific period of time, aiding in managing the company's cash balance.