What Is the Major Difference Between a General Partnership and a Limited

Multiple Choice

What is the major difference between a general partnership and a limited partnership?

A) General partnerships and limited partnership do not have equal power in making major decisions.
B) Limited partners do not have the same financial risk as a general partner.
C) The limited partner provides financial backing, but does not take an active role in the day-to-day operation and management of the sport facility.
D) Limited partners do not have the same liability risk when it comes to personal negligence related to a partner's actions in the business.