Which of the Following Is Correct with Respect to Limited

question 70

Multiple Choice

Which of the following is correct with respect to limited partnerships?

• A)Limited partnership refers to the fact that some partnerships are only created for a limited period of time.
• B)Limited partnership refers to the fact that some partners have limited liability.
• C)Limited partnership refers to the fact that no more than five people are allowed to be partners in such partnerships.
• D)Limited partnership refers to the fact that limited partnerships can only carry on in certain kinds of businesses.
• E)Limited partnership refers to the fact that the partnership can only issue common shares.

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Definitions:

Lewis Structure

A graphical representation of molecules showing how valence electrons are distributed among atoms, and where dots and lines represent electrons and bonds, respectively.

Water

A molecule composed of two hydrogen atoms bonded to one oxygen atom, essential for all forms of life.

Helium

The second lightest and second most abundant element in the universe, a noble gas that remains liquid at the lowest temperatures.

Lewis Structure

A diagrammatic method for representing the valence electron configuration of atoms, ions, and molecules, indicating bonds and lone pairs.