A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:
A: generally partner
B: sole proprietor
C: limited partner
D: corporate shareholder
A: generally partner
B: sole proprietor
C: limited partner
D: corporate shareholder
举一反三
- business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a limited partner. （ ）
- Which one of the following best describes the primary advantage of being a limited partner rather than a general partner? A: entitlement to a larger portion of the partnership's income B: ability to manage the day-to-day affairs of the business C: no potential financial loss D: greater management responsibility E: liability for firm debts limited to the capital invested
- A _________ is a person who runs a one-man business and takes all the profits and all the risks. A: sole trader B: partner C: investor D: shareholder
- A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a: A: limited liability company. B: general partnership. C: limited proprietorship. D: sole proprietorship. E: corporation.
- Writing “first letter” to your potential business partner is the （ ） step for opening business for international trade.