Which of the Following Is an Additional Feature of a Limited

question 80

Multiple Choice

Which of the following is an additional feature of a limited liability partnership compared to a limited partnership?

• A) It has a general partner who does not participate in the day-to-day operations of the partnership.
• B) It limits the personal liability of limited partners to their contribution in the business.
• C) It restricts the general partner from taking high-risk projects.
• D) It protects each partner from any malpractice or negligence of another partner's actions.

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Definitions:

Available-For-Sale Securities

Debt and equity securities not classified as held-to-maturity or trading securities, recorded at fair value in balance sheets.