Fred Pittman has invested $10,000 in his son's motorcycle repair shop, but he takes no part in its management.Pittman is a(n):

Name: Fred Pittman has invested $10,000 in his son's motorcycle repair shop, but he takes no part in its management.Pittman is a(n):
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fred Pittman is a limited partner because he has invested money in the business but does not take part in its management. Limited partners typically have limited liability and are not involved in the day-to-day operations of the business.

Fred Pittman Has Invested $10,000 in His Son's Motorcycle Repair