A Partnership That Has Two Classes of Partners,general and Limited,where

question 29

Multiple Choice

A partnership that has two classes of partners,general and limited,where the limited partners have no personal liability beyond the amounts they invest in the partnership and no active role in the partnership except as specified in the partnership agreement,is a:

• A)Mutual agency partnership
• B)Limited partnership
• C)Limited liability partnership
• D)General partnership
• E)Limited liability corporation

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Definitions:

Inferential Statistics

The branch of statistics that allows one to make predictions or inferences about a population based on a sample of data taken from that population.

Normal Distribution

A statistical distribution where data is symmetrically distributed around the mean, forming a bell-shaped curve.

Random Sampling

Sampling in which every member of a population has an equal chance to be selected and in which selection is determined by “luck of the draw” rather than a decision by the researcher.

Degrees

Units of measurement for angles in a circle or for temperature; in the context of education, it refers to academic qualifications.