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__________________ Means "Knowing About Knowing

question 17

Multiple Choice

__________________ means "knowing about knowing."


Definitions:

General Partner

A member of a partnership who has unlimited liability and takes part in the daily operations of the business.

Taxed

Subjected to a financial charge or levy by a governmental organization in order to fund various public expenditures.

S Corporation

A close corporation whose shareholders have elected to be taxed essentially like partners are taxed under federal income tax law. Also called subchapter S corporation.

Limited Partnership

A partnership structure where at least one partner has unlimited liability, and at least one partner has limited liability.

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