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A limited partnership is an arrangement in which: Multiple Choice the limited partners are generally prohibited from being active in the management of the firm.

image text in transcribed A limited partnership is an arrangement in which: Multiple Choice the limited partners are generally prohibited from being active in the management of the firm. limited partners are active in the management of the firm. general partnerships have unlimited liability for the shares of the firm. limited partners are liable for their initial contribution and the debt of the firm

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