NECO Economics 2007 Objective — Question 9
Question 9 of 60 from the National Examinations Council (NECO) Economics 2007 Objective paper, with the correct answer and a full explanation.
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A partner that neither contributes capital nor takes part in managing of the firm is partner
- A. active
- B. dormant
- C. general
Explanation
A nominal partner lends only their name to the partnership without contributing capital or participating in management.
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