Which of the Following Is a Characteristic of a Limited

question 2

Multiple Choice

Which of the following is a characteristic of a limited partnership?

• A) It allows one or more partners to have limited liability.
• B) It requires one or more of the partners to be a general partner to whom the privilege of limited liability does not apply.
• C) It prohibits the limited partners from participating in the management of the partnership.
• D) All of the above.

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Definitions:

Agricultural Societies

Communities whose economy and way of life are primarily based on agriculture and farming practices.

Technological Innovations

Novel inventions and improvements in technology that significantly change how tasks are accomplished or lead to the creation of new products.

Social Innovations

Innovations that are social in both their ends and means, specifically designed to meet social needs and create new social relationships or collaborations.

Performance Anxiety

The extreme fear or nervousness before or during an individual's performance (such as public speaking, performing arts, or sports), which can impair their ability to perform effectively.