In a general partnership,________.
A) all partners have joint authority to make decisions
B) all partners have limited liability
C) the number of partners is limited to five
D) units of ownership are sold to the general public
E) risk is limited to the amount invested in a partnership

Question

Quizplus · Accepted Answer

A)In a general partnership, all partners have joint authority to make decisions for the firm and joint liability for the firm's financial obligations.
B)In a general partnership, all partners have joint authority to make decisions for the firm and joint liability for the firm's financial obligations.
C)In a general partnership, all partners have joint authority to make decisions for the firm and joint liability for the firm's financial obligations.
D)In a general partnership, all partners have joint authority to make decisions for the firm and joint liability for the firm's financial obligations.
E)In a general partnership, all partners have joint authority to make decisions for the firm and joint liability for the firm's financial obligations.

In a General Partnership,________