A Relatively New Form of Business Organization That Protects Partners

question 12

Short Answer

A relatively new form of business organization that protects partners with limited liability, allows limited partners to assume an active management role, and is taxed as a partnership is a __________.

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Definitions:

Dualism

Philosophical position that both a nonmaterial mind and a material body contribute to behavior.

Persistent Vegetative State (PVS)

Condition in which a person is alive but unaware, unable to communicate or to function independently at even the most basic level.

Minimally Conscious State (MCS)

Condition in which a person can display some rudimentary behaviors, such as smiling or uttering a few words, but is otherwise not conscious.

Common Ancestor

The latest common ancestor shared by all beings within a specific group.