Fern and Gray Want to Form a Limited Partnership to Manage

question 16

Multiple Choice

Fern and Gray want to form a limited partnership to manage two restaurants: Café Latte and Delite Deli. In most states, a limited partnership will be created when

• A) a certificate of limited partnership is filed.
• B) a partnership agreement is executed.
• C) the business for which the firm is formed actually begins.
• D) the partners make their capital contributions.

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Definitions:

Attention Getting

Behaviors or actions designed to attract notice or focus from others.

Unacceptable Behavior

Actions or conduct that are considered inappropriate or unacceptable in a given context or society.

Preventative Measures

Actions taken to reduce the likelihood of an undesirable event or condition occurring.

Guiding Behavior

The process of influencing individuals' actions and attitudes in a positive manner, often used in the context of parenting and education.