Identify Which of the Following Statements Is True

question 96

Multiple Choice

Identify which of the following statements is true.

• A)All of the partners in a limited partnership have limited liability.
• B)A limited partnership must have at least two general partners.
• C)A limited partnership cannot have a corporate general partner.
• D)All of the above are false.

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Definitions:

Retirement Investments

Financial assets or planning strategies aimed at providing income and security for a person's retirement years.

Contribution

The act of providing something, such as resources, ideas, or efforts, to achieve a common goal or enhance a collective work.

Fortune 500

An annual list ranking of the 500 largest US corporations by total revenue for their respective fiscal years.

Statistic

A numerical value that summarizes or describes a characteristic of a set of data.