A Partner Who Has No Right to Participate in Control

question 17

Multiple Choice

A partner who has no right to participate in control of the business and who has limited liability is a:

• A) general partner.
• B) nominal partner.
• C) secret partner.
• D) limited partner.

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Definitions:

Confederate

In psychological research, a person who pretends to be a participant but in fact is part of the research team, used to manipulate social interactions as part of the experiment.

Mediator

A variable that explains the mechanism through which an independent variable influences a dependent variable in a study.

Arbitrator

An arbitrator is a neutral third party chosen to resolve disputes between parties outside of court, giving a decision that is usually binding.

Event Manipulations

Techniques used to alter events or experiences in an experimental setting in order to examine their effects on the outcome.