Examlex

Solved

Which of the Following Is Primarily Used in Cookies and Cracker

question 5

Multiple Choice

Which of the following is primarily used in cookies and cracker recipes?


Definitions:

General Partner

A member of a partnership who has full liability for the debts of the partnership and participates in its management.

Limited Partnership

A partnership structure where at least one partner has limited liability for the debts and obligations of the business, while at least one other bears unlimited liability.

LLC

A Limited Liability Company; a hybrid business structure that combines the personal asset protection of a corporation with the tax benefits of a partnership.

Distributions

The payment of assets from a fund or account to its shareholders or partners, such as dividends from a corporation or distributions from a partnership or LLC.

Related Questions