Ask Question
BusinessBusiness
8 July, 01:22

A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:

+3
Answers (1)
  1. 8 July, 04:43
    0
    Answer: Limited partner.

    Explanation:

    A limited partner is part of the ownership of a partnership business, whose liability in the business, can't go beyond his capital invested into the business.

    The partner who bears much of the liability of a partnership business is the general partner, which is the more active business owner.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units.
Answers (1)
When a company introduces new audio products, it often initially sets the price high and lower the price about a year later. This is an example of: A) first-degree price discrimination. B) second-degree price discrimination.
Answers (1)
In the 1990s, what reduced the barriers to entry in the local telephone market? the rising popularity of cellular phones the end of a twenty-year patent on telephone technology the licensing of new, smaller phone companies the deregulation of the
Answers (1)
What percentage of fall related deaths result from workers falling from scaffolding? 16%? 18%?
Answers (1)
Current assets $ 3,416.3 Interest expense $ 473.2 Total assets 30,224.9 Income taxes 1,936 Current liabilities 2,988.7 Net income 4,551.0 Total liabilities 16,191.
Answers (1)
New Questions in Business
Clear Colors Corporation uses a predetermined overhead rate based on direct labor costs to apply manufacturing overhead to jobs.
Answers (1)
You sell a put option on S&P 500 index with the strike price of 3300. Suppose the S&P 500 index is 3000 on the option expiration date. What is your payoff?
Answers (1)
Kamper Company sells two products Big Z and Little Z. Current direct material and direct labor costs are detailed below. Next year, the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base.
Answers (1)
What government organization formed to enforce antitrust laws and to make sure the interests of small businesses were protected against corporations? internal revenue service department of labor better business bureau federal trade commission?
Answers (2)
A seller listed his property exclusively with saldivar realty. even though the property sold during the period of the listing, if the seller was not required to pay a commission to saldivar realty, what type of listing agreement probably existed
Answers (1)
Home » Business » A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:
Sign Up Forgot Password?