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:

Square Inches

A unit of area measurement in the imperial and US customary systems, equivalent to the area of a square with sides of one inch.

Triangle Area

The measure of the region enclosed by the three sides of a triangle, often calculated as half the product of its base and height.

Distributive Property

A property indicating that a(b+c) equals ab + ac, applicable for multiplication over addition or subtraction.

Associative Property

A mathematical rule stating that the way in which numbers are grouped in addition or multiplication does not change their sum or product.