A Flatter World Refers to the Convergence of Technology and World

question 2

True/False

A Flatter World refers to the convergence of technology and world events that are playing a role in bringing about significant changes in traditional value chains.

---

Definitions:

Limited Liability

A legal structure where a company's owners and shareholders are protected from personal responsibility for the company's debts or liabilities.

Limited Partner

An investor in a partnership whose liability is limited to the amount of their investment, without management authority.

General Partner

In a partnership, the partner who has unlimited liability for the debts of the business and takes part in the management of the business.

LLLP

stands for Limited Liability Limited Partnership, a form of partnership that combines the elements of limited partnerships and limited liability partnerships, providing limited liability to all its partners.