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Which of the following best describes the term 'silent partner'?

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Question: Which of the following best describes the term \'silent partner\'?

Options:

  1. A partner who actively manages the business
  2. A partner who invests but does not participate in management
  3. A partner who has no financial stake
  4. A partner who is only involved in legal matters

Correct Answer: A partner who invests but does not participate in management

Solution: 

A silent partner is one who invests in the business but does not take part in its management.

Which of the following best describes the term 'silent partner'?

Practice Questions

Q1
Which of the following best describes the term 'silent partner'?
  1. A partner who actively manages the business
  2. A partner who invests but does not participate in management
  3. A partner who has no financial stake
  4. A partner who is only involved in legal matters

Questions & Step-by-Step Solutions

Which of the following best describes the term 'silent partner'?
  • Step 1: Understand what a partner in a business is. A partner is someone who shares in the ownership and profits of a business.
  • Step 2: Learn what 'silent' means. 'Silent' means not speaking or not being active.
  • Step 3: Combine the two ideas. A silent partner is someone who invests money in a business but does not get involved in making decisions or managing the business.
  • Step 4: Remember that silent partners still share in the profits but do not participate in daily operations.
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