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
The service division of Raney Industries reported the following results for 2020. Sales Variable costs Controllable fixed costs Average operating assets $500,000 300,000 75,000 625,000 Management is considering the following independent courses of
Answers (1)
If your credit reports show different scores, what should you do?
Answers (1)
The manufacturing overhead budget at Rost Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,800 direct labor-hours will be required in September. The variable overhead rate is $7.00 per direct labor-hour.
Answers (1)
An investigation of the safety issues with the Chevrolet Cobalt car blamed GM's company culture in part.
Answers (1)
When appreciated property is distributed in a nonliquidating distribution, the net effect on the distributing corporation's E&P is that it is reduced by the FMV of the property distributed and increased by the gain (net of federal income taxes)
Answers (1)
New Questions in Business
Which of the following statements is consistent with the ideas that W. Edwards Deming promoted regarding quality management? a. Understanding variation is essential to improving quality b.
Answers (1)
In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,700,000 shares of common stock have been authorized.
Answers (1)
This type of evidence can lead to the hasty generalization fallacy Personal Experience Intuition Analogy Research
Answers (1)
Interest rates generally reflect the potential elects of initation the level of risk in an investment the real value of the investment the amount of money invested
Answers (1)
What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.
Answers (2)
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?