A _____ refers to a partnership in which all partners can take an active role in managing the business and have unlimited liability for any claims against the firm.
A) limited partnership
B) general partnership
C) limited liability partnership
D) publicly traded partnership

Question

Quizplus · Accepted Answer

A general partnership is a business structure where all partners are involved in managing the business and share unlimited liability for the debts and obligations of the firm.

A _____ Refers to a Partnership in Which All Partners