A famous celebrity or business mogul granting use of their name for a business without investing money into the business would be an example of:

Question

Quizplus · Accepted Answer

A nominal partner is someone who lends their name and reputation to a business without any real involvement in its operations or financial investment. This makes option A the correct answer, as the famous celebrity or business mogul is not investing money into the business but is only allowing the use of their name. A silent partner is someone who invests money into a business but does not participate in its day-to-day operations, while a limited partner is a type of investor in a partnership who has limited liability and no involvement in management. A dormant partner is someone who was once active in a partnership but is now inactive, and therefore it does not apply to this scenario.

A Famous Celebrity or Business Mogul Granting Use of Their