e. Agency problems. QUESTION 3 Which one of the following best describes the primary advantage of being a limited partner rather than a general partner? O a. Greater management responsibility O b. Ability to manage the day-to-day affairs of the business. Oc. No potential financial loss. O d. Liability for firm debts limited to the capital invested. Oe. Entitlement to a larger portion of the partnership's income. QUESTION 4 normally must be paid by a firm within 12 months. O a Accounts receivable Chick Save and Submit to save and submit. Click Save All Answers to save all answer HD 1080