A _____ invests money in the business but has no management responsibility. a. general partner b. limited partner c. sole proprietor d. nominal partner a. stockbroker

Respuesta :

Answer:

B. Limited partner

Explanation:

LIMITED PARTNER

This is a partner in a business venture whose liability towards debt is legally limited to the extent of their investment. They are not involved in the day to day operations of running the business neither do they manage operations. Hence the reasons they are not personally liable for partnership's debt.

Other options there are

1. General partner : has responsibility for the actions of the business, can legally bind the business, manages the operations of the business and is personally liable for all the business's debts and obligations.

2. Nominal partner: is a partner in the business with no relations to the trade or profits of the business. The individual just allows his name to be used in the business.

3. Sole proprietor : this is a business owner who is liable to losses and bears all the risk of the business.

4. Stock broker : is an individual who trades securities for their clients. They earn commissions on each trade.