Jeanne is not an active participant in Highline Food Company, but she has contributed a significant amount of capital as a partner to the business. Jeanne is known as a(n) ________ partner.

Question

Quizplus · Accepted Answer

Jeanne is not an active participant, but has contributed capital, which makes her a limited partner. Limited partners have limited liability and are primarily investors in the business, as opposed to active managers or decision-makers.

Jeanne Is Not an Active Participant in Highline Food Company