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JAMB Economics 1988 Question 29

Question 29

Business Organisations

Under partnership, investors who have no desires to be actively involved in the day-to-day management of such organizations, are called

  1. A.stockbrokers
  2. B.sleeping partners
  3. C.part-time investors
  4. D.ordinary partners.
Show the answer and explanation

Answer: B (sleeping partners)

Explanation

A sleeping (dormant) partner contributes capital and shares profit but takes no part in running the business.