BC220415117: SYEDA LAIBA SHAH Time Left 89 sec(s) MGT211 - Introduction To Business (Quiz 01) Quiz Start Time: 12:43 PM, 26 April 2024 Question # 10 of 10 ( Start time: 12:46:24 PM, 26 April 2024 ) Total Marks: 1 Which of the following is the partner who does not take part in the management of the business but is known to the public? Select the correct option Sleeping partner Nominal partner Active partner Silent partner
Question
BC220415117: SYEDA LAIBA SHAH Time Left 89 sec(s) MGT211 - Introduction To Business (Quiz 01) Quiz Start Time: 12:43 PM, 26 April 2024 Question # 10 of 10 ( Start time: 12:46:24 PM, 26 April 2024 ) Total Marks: 1 Which of the following is the partner who does not take part in the management of the business but is known to the public?
Select the correct option
Sleeping partner
Nominal partner
Active partner
Silent partner
Solution
The correct option is "Sleeping partner". A sleeping partner is a business partner who invests capital into the business but does not participate in its day-to-day operations or management. However, they are known to the public and share in the profits or losses of the business.
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