A Partnership That Has Two Classes of Partners, General and Limited

question 86

Multiple Choice

A partnership that has two classes of partners, general and limited, where the limited partners have no personal liability beyond the amounts they invest in the partnership, and no active role in the partnership, except as specified in the partnership agreement is a:

• A) Mutual agency partnership.
• B) Limited partnership.
• C) Limited liability partnership.
• D) General partnership.
• E) Limited liability company.

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Definitions:

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group, which can adversely affect performance and behavior.

Black Students

Students of African descent who are part of an educational system.

Test Performance

Refers to how well an individual does on an assessment of their knowledge, skills, abilities, or physical fitness.

Stereotype Threat

The risk of conforming to stereotypes about one's social group, which can negatively affect performance and self-perception.