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:

National Saving

The sum of private and public savings in an economy, representing the total amount of savings generated within a country.

Budget Deficit

The financial situation where an entity's expenditures exceed its revenues.

Import Quotas

Government-imposed limits on the quantity or value of goods that can be imported into a country.

Capital Flight

A phenomenon where money or assets rapidly flow out of a country, often in response to economic or political instability.