A ____ invests money in the business but has no management responsibility.
A) general partner
B) limited partner
C) sole proprietor
D) nominal partner
E) stockbroker

Question

Quizplus · Accepted Answer

A limited partner invests money in the business but has no management responsibility. This type of partner typically only risks losing the amount of their investment and is not liable for any debts or obligations of the company beyond that amount. General partners, on the other hand, have both management responsibility and personal liability for the debts of the company. Sole proprietors are individuals who own and operate their own business, while nominal partners have no actual ownership or investment in the business. Stockbrokers are professionals who buy and sell stocks and other securities on behalf of their clients.

A ____ Invests Money in the Business but Has No