Which of the Following Statements Is TRUE for a Limited

question 146

Multiple Choice

Which of the following statements is TRUE for a limited liability partnership?

• A)All partners have limited liability for the debts of the partnership.
• B)All partners have limited liability for the acts of the other partners.
• C)The general partner has unlimited liability for the debts of the partnership.
• D)The limited partners have unlimited liability for the debts of the partnership.

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Definitions:

Cognitive Functioning

Cognitive functioning pertains to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Biopsychosocial

An approach in health and psychology that considers biological, psychological, and social factors and their complex interactions in understanding health, illness, and healthcare delivery.

Epigenetic

Relating to changes in gene expression caused by mechanisms other than changes in the underlying DNA sequence.

Preoperational Stage

The second stage in Piaget's theory of cognitive development, occurring from ages 2 to 7, marked by rapid language development and symbolic thinking.