A(n) ________ Is a Special Form of Partnership in Which

question 43

Multiple Choice

A(n) ________ is a special form of partnership in which all partners are limited partners, and there are no general partners.

• A) domestic LLC
• B) proprietorship
• C) LLC (limited liability company)
• D) LLP (limited liability partnership)

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Definitions:

Convergent Thinking

Thinking that produces the single best solution to a problem.

Deductive Reasoning

A thought process wherein a verdict is reached through the consistency of numerous claims that are often regarded as correct.

Inductive Reasoning

An intellectual procedure where various propositions, all assumed to be true or generally true, are merged to derive a distinct outcome.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses, while giving disproportionately less consideration to alternative possibilities.