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Which of the following best describes the term 'silent partner' in a business partnership?

Practice Questions

1 question
Q1
Which of the following best describes the term 'silent partner' in a business partnership?
  1. A partner who is actively involved in management
  2. A partner who invests capital but does not participate in day-to-day operations
  3. A partner who has no financial stake in the business
  4. A partner who only provides advice

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following best describes the term 'silent partner' in a business partnership?
Solution: A silent partner invests capital but does not engage in the daily operations of the business.
Steps: 0

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