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A partner who invests money in a business, but does not take an active role in management or assume unlimited liability for the firm's losses is known as a(n):
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A partner who invests money in a business, but does not take an active role in management or assume unlimited liability for the firm's losses is known as a(n):

User Kawty
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Answer: Limited partner.

Step-by-step explanation:

The limited partner is part of the owners in a partnership business, that plays a passive role in the supervision of the business operations and whose liability in the business is limited to his investment in the business. The limited partner main duty is just to invest capital into a business, as business operations is supervised by the active partner.

User Nielsj
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