What Is the Major Way in Which the Roles and Obligations

question 35

Multiple Choice

What is the major way in which the roles and obligations of the owners of a limited liability partnership differ from the roles and obligations of limited partners in a limited partnership?

• A)The owners of a limited liability partnership have personal obligation for debts incurred by the company.
• B)There is no separation between the company and its owners in a limited liability partnership.
• C)The owners of a limited liability partnership can withdraw from the company without the company being dissolved.
• D)The owners of a limited liability partnership can take an active role in running the company.
• E)The owners of a limited liability partnership are responsible for the negligence of other partners.

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Definitions:

Live in Isolation

The state or condition of being apart from social or societal contact, which can be either self-imposed or due to external circumstances.

Basic Strength

Fundamental psychological or emotional capacity that contributes to the healthy development and well-being of an individual.

Identity Cohesion

The degree of clarity, confidence, and consistency an individual has regarding their sense of self.

Role Confusion

A situation where an individual is unsure about the expectations from their social role, leading to confusion and conflict.