Match Each Statement with the Correct Term Below

question 15

Multiple Choice

Match each statement with the correct term below.
-Limited Partnership

• A)An entity with conduit tax characteristics that provides limited liability to its owners.
• B)An organization of two or more persons operating a business that is not taxed.
• C)A general partnership that offers limited liability to the partners.
• D)An association created under the laws of a state giving owners limited liability.
• E)Retains legal characteristics while obtaining tax characteristics of a conduit.
• F)A partnership in which the liability of at least one partner is limited.

---

Definitions:

Vague

Lacking clarity or preciseness in thought or expression, often leading to ambiguity and misunderstanding.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Cases

Legal disputes brought before a court of law for resolution.

Statutes

Statutes established by a governing body which can be federal, state, or municipal in nature.