题目
The distribution method by which profits generated by a fund are allocated between LPs and the GP is called:
选项
A.a waterfall.
B.an 80\/20 split.
C.a fair division.
答案
A
解析
A is correct. Although profits are typically split 80/20 between LPs and the GP, the distribution method of profits is not called an “80/20 split.” “Fair division” is not a real term that exists in the industry.：A是正确的。虽然利润通常在有限合伙人和普通合伙人之间以80/20的比例分配，但利润分配方法并不称为“80/20比例分配”。行业中并不存在“公平分配”这一术语。