- 1 Marks
Question
A partner who participates in the management of the firm is called a:
A. Matching partner
B. Limited partner
C. Coordinating partner
D. General partner
E. Contributing partner
Answer
D. General partner
Explanation:
A general partner takes part in the management of the business and assumes unlimited liability for the partnership’s debts. The other types of partners do not have the same level of involvement or liability.
- Tags: Management, Partnership
- Level: Level 1
- Topic: Partnership Law
- Series: NOV 2022
- Uploader: Theophilus