In the Context of Legal Forms of Business, Identify an Accurate

In the context of legal forms of business, identify an accurate statement about a general partnership.

A) Established partners can bring in new equity partners by surrendering a portion of their ownership position.
B) A single partner operates as the firm's manager and is directly responsible for any debts owed by the firm.
C) Owners report their shares of losses or profits independent of their interest in the firm.
D) The partner with the largest equity stake makes decisions about the firm's operations.