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QuizMultiple Choice

Business Structures

Question 1 • 2414VA Career Explorations Sem A

Which of the following is not an attribute of a Limited Partnership?

Answer
A
Limited partnerships do not share in the risk of the company beyond the amount of their investment.
B
The limited partner is authorized to make business decisions on behalf of the general partners.
C
Limited Partners are paid a dividend on profits earned by the company.
D
Limited Partners cannot sell their interest in the business without notifying the general partners.
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Which of the following is not an attribute of a…