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stepladder [879]
3 years ago
8

In a limited partnership, the general partners should encourage the limited partners to take a more active role in the operation

s of the business. After all, the limited partner has comparable liability in the business, even though he/she may not be a partner for as long a period of time as the general partners.
True or False?
Business
1 answer:
Lemur [1.5K]3 years ago
7 0

Answer: False

Explanation:

A limited partnership is a form business partnership formed by at least one general partner and at least one limited partner(also known as the silent partner).

The general partner is responsible for the supervision of the daily operations in the business and also personally bears the liability of the business: while the limited partner only role in the business is to support the business with capital and shares in the business profit but doesn't personally carry the burden of the business liability.

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In the cover letter, a job seeker states why they are the best candidate for the position. Applicants use the cover letter to convince the employer to hire them.

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2 years ago
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I hope my answer helps you

3 0
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What is the held idea that every person should have the opportunity to pursue their goals in an organization?
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