Which of the Following Partners in a Limited Partnership Invest

question 63

Multiple Choice

Which of the following partners in a limited partnership invest capital, manage the business, and are personally liable for partnership debts?

• A) specific partners
• B) limited partners
• C) general partners
• D) sole proprietors

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Definitions:

Organic Structures

Organic structures refer to flexible, adaptive organizational structures that are characterized by low levels of formalization, decentralized decision-making, and a broad scope of control.

Mechanistic

Pertains to organizational structures that are highly formalized and centralized, with strict hierarchies and clear, rigid procedures.

Authority

The power or right to give orders, make decisions, and enforce obedience, often established by a position in a hierarchical organization.

Organizations

Groups of people who come together to achieve specific goals, following a particular structure and set of regulations.