7. A partner whose name is used to boost the image of the business and does not contribute capital capital is a_____

A partner whose name is used to boost the image of the business and does not contribute capital capital is a

(a)Dormant partner (b)General partner (c)Limited partner (d)nominal partner

EXPLANATION:

Who are the partners in partnership business?

Sleeping partner / Dormant

This partner contributes money but does not take active part in running the business

Nominal Partner

This partner is usually a very influential person- very popular.
This parter only contributes his/her name to the business and does not money or time.

Active partner

This partner contributes money and also takes active part in running the business. This partner is usually paid a salary.

You'll have 60 seconds to answer each question.

Time's Up

Score:

Your fingernails and hair keep growing after you die

Result

Total Questions: 9

Attempt: 8

Correct : 3

Wrong: 5

Percentage: 33%