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Governance and Organizational Structure
This area deals with the development and analysis of the organizational structure and with delineating responsibility, authority, and accountability at all levels of the organization. Functions include the development and implementation of policies and procedures for the governance process.
The Board Chair's Role
Posted by: Jasmine Todman-Caines on October 23, 2009 at 3:27PM EST

Which of the following terms is defined as a "statutory form of business organization that provides limited liability to some persons who invest in the organization"?

 

  1. Sole Proprietorship
  2. General Partnership
  3. Personal Liability
  4. Limited Partnership
  5. Joint Venture

 

Answer:  d.  Limited Partnership

 

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