A Partner Who Invests Money in a Business,but Does Not

question 117

Multiple Choice

A partner who invests money in a business,but does not take an active role in management or assume unlimited liability for the firm's losses is known as a(n) :

• A)implied partner.
• B)limited partner.
• C)partial partner.
• D)corporate partner.

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Definitions:

Passive

A grammatical voice that emphasizes the action being performed upon the subject rather than by the subject.

Equivalent

Identical in worth, role, or significance.

Tom

A male name or, in specific contexts, the male of some animal species such as a tomcat.

Test

An examination of the performance, qualities, or suitability of someone or something.