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Unlike a limited partnership, a general partnership has which of the following?

  • Question 20a of 25 - Businesses and partnerships

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Unlike a limited partnership, a general partnership has which of the following?
  • Answers:
  1. Unlimited liability for all partners.
  2. Stockholders and a board of directors.
  3. Option to declare bankruptcy without penalty.
  4. An unlimited number of partners.

The correct answer is: Unlimited liability for all partners.

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