Which of the Following Statements Is Incorrect

question 22

Multiple Choice

Which of the following statements is incorrect?

• A)Limited partners' liability for partnership debt is limited to their amount of investment.
• B)In a general partnership, all partners have unlimited liability for partnership debts.
• C)In a limited partnership, all partners participate in managerial decision making.
• D)All of the above are correct.

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Definitions:

Software Makers

Individuals or companies that develop, create, and sometimes distribute software applications or systems, contributing to the technology and information sectors.

Industrial Policy

Industrial policy encompasses strategies and policies employed by a government to stimulate or regulate different sectors of its economy, aiming at enhancing competitiveness and economic growth.

Prime Objective

The main goal or target an individual, group, or organization aims to achieve.

Domestic Industries

Sectors of a country's economy that produce goods or services primarily for consumption within the same nation.