Which One of the Following Best Describes the Primary Advantage

question 28

Multiple Choice

Which one of the following best describes the primary advantage of being a limited partner instead of a general partner?

• A)tax-free income
• B)active participation in the firm's activities
• C)no potential financial loss
• D)greater control over the business affairs of the partnership
• E)maximum loss limited to the capital invested

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Definitions:

Ethnic Identification

The process by which individuals associate themselves with, or are recognized as part of, a group that shares common cultural, linguistic, or ancestral traits.

Hispanic

Hispanic is an ethnic term used to describe people of Spanish-speaking origin or ancestry, encompassing a wide range of cultures and countries.

Ethnic Identification

The process by which individuals identify with a specific ethnic group, often reflected in traditions, language, and cultural practices.

Prejudice

Preconceived judgments or opinions about an individual or group that are not grounded in actual experience or evidence, often leading to discriminatory behavior.