Which option is incorrect regarding the management structure in a general partnership?

In a general partnership, the management structure is inherently characterized by the equal rights of all partners to participate in the management and control of the business. This means that typically, any partner can serve as a manager, and in fact, all partners usually have the authority to make decisions regarding the partnership's operations.

When stating that "only limited partners may be appointed as managers," this option is incorrect because in a general partnership, there are no limited partners—this structure consists solely of general partners who share management responsibilities. Limited partners exist in limited partnerships, where they do not participate in day-to-day management and have limited liability. Therefore, the idea of limiting management appointments solely to limited partners does not align with the principles of a general partnership, where all partners have an equal right to participate in management decisions.

On the other hand, the other options correctly reflect the nature of management in a general partnership. All partners can be appointed managers, any partner can serve in that capacity, and any two partners may also act as managers together. This reflects the collective approach to management that characterizes general partnerships.