Multiple Choice
Which one of the following best describes the primary advantage of being a limited partner rather than a general partner?
A) No potential financial loss
B) Entitlement to a larger portion of the partnership's income
C) Liability for firm debts limited to the capital invested
D) Greater management responsibility
E) Ability to manage the day-to-day affairs of the business
Correct Answer:
Verified
Correct Answer:
Verified
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