An Individual Who Invests in a Partnership but Is Not

question 34

Multiple Choice

An individual who invests in a partnership but is not involved in the day-to-day management of the partnership is referred to as an) :

• A)general partner.
• B)limited partner.
• C)capital partner.
• D)investor.

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Definitions:

Timeliness

The quality of delivering or receiving information or materials within an expected timeframe, crucial for decision-making and operational efficiency.

Senior Executives

Top-level managers who are responsible for the overall direction and performance of a company.

Criminally Prosecuted

The process of charging someone with a crime and conducting a trial to determine guilt.

Unrealized Profits

Gains on investments that have increased in value but the increase has not been realized through selling.