Venture Capital, LP, Is a Limited Partnership

question 67

Multiple Choice

Venture Capital, LP, is a limited partnership.Its limited partners include more than 150 sophisticated investors and investment professionals.A Venture limited partner must

• A)act as the firm's manager.
• B)not participate in the firm's management.
• C)cannot invest in Unified Fund, one of Venture's competitors.
• D)assume liability for all partnership debts.

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