A General Partner in a Limited Partnership ________

question 74

Multiple Choice

A general partner in a limited partnership ________.

• A) has less personal liability for the debts of the business than the limited partners
• B) is the majority shareholder and is not involved in the daily business activities
• C) has unlimited personal liability in the partnership
• D) is the first owner to receive a share of profits and losses

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an association is made between a behavior and a consequence.

Insight Learning

A type of learning that occurs when an individual suddenly realizes how to solve a problem without trial-and-error, often leading to immediate solution understanding.

Köhler

Refers to Wolfgang Köhler, a German psychologist and one of the founders of Gestalt psychology, which emphasizes the organization of perception and thinking in a "whole" rather than in isolated elements.

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned, becoming apparent only when there is an incentive to demonstrate it.