If a Partner Is a Limited Partner It Means That

question 52

Multiple Choice

If a partner is a limited partner it means that there are limits on his/her:

• A) right to share in profits and losses.
• B) liability for partnership debts.
• C) obligation to contribute capital.
• D) management rights.

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Definitions:

EDI

Electronic Data Interchange, a standard for exchanging business documents and data electronically between business partners.

Retinal Scanning

A biometric technique that involves analyzing the pattern of the retinal veins in the back of the eye for identification purposes.

Authentication

A process to verify the identity of a user or system, ensuring that they are who they claim to be.

Hardware Firewall

A physical device designed to monitor and control incoming and outgoing network traffic based on predetermined security rules.