Which of the following people may not manage the operations of a firm in which they are part or full owners?

Question

Quizplus · Accepted Answer

Limited partners in a limited partnership may not manage the operations of the firm, as they are passive investors who have limited liability and do not take part in the day-to-day decision-making processes. General partners, on the other hand, are responsible for managing the operations of the firm and are personally liable for the partnership's debts and obligations. Stockholders in both S and C corporations may be involved in managing the company or elect a board of directors to do so on their behalf.

Which of the Following People May Not Manage the Operations