A partnership in which the partners divide profits and management responsibilities and share unlimited personal liability for the partnership's debts is called a ________.
A) general partnership
B) limited partnership
C) limited liability partnership
D) corporation
E) limited liability company
Correct Answer:
Verified
Q24: Which of the following is a false
Q25: Which of the following is a false
Q26: _ are the investor-owners of a corporation.
A)Silent
Q27: _ is/are responsible for managing the business
Q28: Which of the following is a recognized
Q30: A joint stock company is a partnership
Q31: A voluntary association between two or more
Q32: Which of the following is true regarding
Q33: In most states,which law governs partnerships in
Q34: _ is/are responsible for running the day-to-day
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents