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:

Categorical Data

Data that can be categorized into groups or categories that are mutually exclusive, without any natural ordering.

Obtaining

The act of acquiring or getting something through effort or request.

VLOOKUP

A function in spreadsheet programs that searches for a value in the first column of a table and returns a value in the same row from a specified column.

Table Range

The difference between the highest and lowest values in a table, often used in data analysis to understand the variability within the data.