Copyright

The Basics of Partnerships: Types & Examples Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following is the partnership document that governs the rights and responsibilities of the partners?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What type of partnership offers no protection from personal liability for the partners?

2. What type of partnership has a general partner who has full liability and a limited partner whose liability is limited to their investment in the partnership?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This quiz and review worksheet can help you confirm your knowledge of the different partnerships that exist in the business world today.

Quiz & Worksheet Goals

This quiz/worksheet combo helps you review:

  • Partnership documents
  • Liability protection
  • Restricted liability
  • Differences between a limited partner and a general partner

Skills Practiced

This quiz and worksheet can help you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Information recall - access the knowledge you have gained regarding the management of rights and responsibilities
  • Distinguishing differences - compare and contrast main topics, such as a general partner and a limited partner

Additional Learning

To explore the topic of business partnerships, refer to the corresponding lesson, The Basics of Partnerships: Types & Examples. This lesson will help you:

  • Compare and contrast the advantages and disadvantages of various forms of partnership
  • Understanding how laws and regulations affect partnerships
  • Explore examples related to business partnerships
  • Learn about the roles of various types of partners
Support