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Author Question: Describe what is meant by a general partnership and a limited partnership. Describe the major ... (Read 34 times)

Marty

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on: Jul 6, 2018
Describe what is meant by a general partnership and a limited partnership. Describe the major difference between the two.
 
  What will be an ideal response?

Question 2

Google and its AdWords program is an example of a ________ disruptive business model.
 
  A) low-end
  B) new-market
  C) high-quality
  D) low-price
  E) new-channel


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okolip

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Reply #1 on: Jul 6, 2018
Answer to Question 1

A general partnership is a form of business organization where two or more people pool their skills, abilities, and resources to run a business. A limited partnership is a modified form of a general partnership. The major difference between the two is that a limited partnership includes two classes of owners: general partners and limited partners. Similar to a general partnership, the general partners are liable for the debts and obligations of the partnership, but the limited partners are liable only up to the amount of their investment.

Answer to Question 2

B


Marty

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

laurnthompson

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Reply 3 on: Yesterday
Excellent

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