Question: In a limited partnership: Question 1 Answer a . Only the limited partners are involved in the daily management of the firm. b . Both

In a limited partnership:
Question 1Answer
a.
Only the limited partners are involved in the daily management of the firm.
b.
Both general and limited partners are involved in the daily management of the firm.
C.
A limited partner is liable only for the amount he/she contributed to the partnership.
d.
A general partner is liable only for the amount he/she contributed to the partnership.
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In a limited partnership: Question 1Answer a. Only the limited partners

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