Which Is NOT a Characteristic of a Limited Liability Partnership

question 46

Multiple Choice

Which is NOT a characteristic of a limited liability partnership?

• A)One or more of the partners must be a general partner to whom the privilege of limited liability does not apply.
• B)Prohibits the limited partners from participating in the management of the partnership.
• C)Partners pay taxes on dividends distributed.
• D)One or more partners have limited liability.

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Definitions:

Stock Price

The current price at which a share of a company's stock is trading on the financial markets.

Motivation

Refers to forces within an individual that account for the level, direction, and persistence of effort expended at work.

Organization's Responsibility

The obligations and duties an organization has towards its stakeholders, including ethical behavior, compliance with laws, and social contributions.

Strictness Error

A bias in performance appraisal where the evaluator tends to judge all employees more harshly than their performance warrants.