True/False
In a limited partnership, at least one general partner must remain in the association; the privilege of limited liability still applies to this partner.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q51: The owners of a corporation are liable
Q52: General partners have unrestricted transferability of ownership,
Q53: The goal of the firm should be
Q54: Serious ethical violations by corporations such as
Q55: In effiicient markets, price rapidly adjust to
Q57: Only a few financial decisions involve some
Q58: Rewarding executives for increasing quarterly earnings will
Q59: Which of the following goals of the
Q60: Which of the following statements best represents
Q61: What does the agency problem refer to?<br>A)