In a Limited Partnership Which of the Following Assume No

question 26

Multiple Choice

In a limited partnership which of the following assume no liability for the partnership beyond the capital they have invested?

• A) General partners
• B) Limited partners
• C) Special partners
• D) General partners, limited partners, and special partners
• E) General and special partners, but not limited partners

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Definitions:

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.

Foreign Competition

The presence of competing products or services from other countries in a domestic market.

Domestic Producers

Individuals or entities within a country that produce goods or services.

Import Substitution

A strategy aimed at reducing foreign dependency through the domestic production of previously imported goods.