Answer:
d. participates in the firm’s management.
Step-by-step explanation:
A limited partnership is a form of business ownership with two or more partners. Limited partnerships are made up of general partners and limited partners.
The general partner manages the daily business operations. He makes investment decisions on behalf of the enterprise. He has unlimited liabilities to the debts and the liabilities of the business.
A limited partner is also known as silent partner. He does not take part in the management of the business. He has no voting rights. His liability is limited to the total amount of his investments