Which of the Following Is Correct with Respect to Partnership

question 122

Multiple Choice

Which of the following is correct with respect to partnership?

• A) Partnership is a separate legal entity.
• B) A partnership can be made up of only limited partners.
• C) Partners are not agents for each other.
• D) General partners have unlimited liability.
• E) General partners have limited liability.

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Definitions:

Sampling Frame

The list or database from which a statistical sample is drawn for a research study, encompassing all the members of the population being studied.

Representative Sample

A subset of a population carefully chosen to accurately reflect the characteristics of the larger group for the purposes of research or analysis.

Probability Sample

A sampling method in which every member of the population has a known and non-zero chance of being selected for the study, allowing for generalized conclusions.

Voluntary Response Sample

A sampling method where participants self-select to be a part of a study, often leading to biased results due to the non-random nature of the sample choice.