A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to losing the funds he/she invested is known as a(n) ________ partner.
A) implied
B) limited
C) partial
D) corporate

Question

Quizplus · Accepted Answer

A limited partner is a partner who has limited liability and does not participate in the management of the business. This means that they can potentially lose their investment but are not responsible for any debts or lawsuits incurred by the company.

A Partner (Owner) Who Invests Money in a Business Does