Multiple Choice
Identify the correct statement about a limited liability partnership (LLP) .
A) The controller of a limited liability partnership is responsible for the negligence and irresponsibility of the general partners.
B) A limited partner of a limited liability partnership is responsible for the general management of the partnership business.
C) A limited partner of a limited liability partnership is liable to pay tax on all the partnership income.
D) A general partner of a limited liability partnership is personally liable for all business debts.
E) A limited partner of a limited liability partnership is responsible for the negligence and irresponsibility of all general partners.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Which of the following is a feature
Q53: Cultural differences do not impact the multinational
Q54: In the United States, the most common
Q55: The credit manager is supervised by the
Q56: Which of the following statements is correct?<br>A)A
Q58: Compared to corporations, what is the primary
Q59: Which of the following statements is correct?<br>A)In
Q60: The Sarbanes-Oxley Act of 2002 requires a
Q61: Actions that help a firm increase the
Q62: Which of the following is an example