A General Partner

question 14

Multiple Choice

A general partner:

• A)cannot lose more than the amount of his/her equity investment.
• B)has less legal liability than a limited partner.
• C)faces double taxation whereas a limited partner does not.
• D)has more management responsibility than a limited partner.
• E)is the term applied only to corporations which invest in partnerships.

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Definitions:

Monomer

Molecule that is a subunit of a polymer.

Glucose

A primary sugar crucial for energizing living beings and making up a significant part of numerous carbohydrates.

Cellulose

A sophisticated carbohydrate that is the main structural element of the walls of plant cells.

Enzyme Covalently Joins

Describes the process where an enzyme catalyzes the formation of a covalent bond between two molecules, playing a critical role in biochemical reactions.