In a ________,Each Partner Is Not Personally Liable for the Malpractice

question 47

Multiple Choice

In a ________,each partner is not personally liable for the malpractice committed by another partner.

• A) general partnership
• B) limited liability partnership
• C) limited partnership
• D) sole proprietorship

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Definitions:

Concentrated Marketing

A strategy that focuses on targeting a small, well-defined consumer segment or niche market.

Differentiated Marketing

A marketing strategy where a company targets several market segments with distinct products or services tailored to those segments.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link together the diverse parts of an organization.

Benefits of Scale

Advantages obtained from expanding the size of operations, which often lead to reduced costs per unit.