Ron is a limited partner, and Steve is a general partner of Total Financial Management, a limited partnership. Steve manages the firm. Ron has some expertise in the area and be?lieves that he could do a better job than Steve at managing, but he abstains from becoming actively in?volved. Why might he choose to keep away from management activities?

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The Answer of Ron is a limited partner, and Steve is a general partner of Total Financial Management, a limited partnership. Steve manages the firm. Ron has some expertise in the area and be?lieves that he could do a better job than Steve at managing, but he abstains from becoming actively in?volved. Why might he choose to keep away from management activities?

Ron Is a Limited Partner, and Steve Is a General