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Partnership Types and Dynamics

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Questions and Answers

Which type of partner is not actively involved in the day-to-day operations of the partnership?

Active partner

General partner

Silent partner (correct)

Dormant partner

What is one of the advantages of a partnership?

Lack of mutual trust

Efficient administration (correct)

Uncertain duration

Limited liability

What is one of the disadvantages of a partnership?

Group decision making

Ease of formation

Minimal governmental control

Delays in decision making (correct)

Partnership Types and Dynamics

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Questions and Answers

Which type of partner is not actively involved in the day-to-day operations of the partnership?

What is one of the advantages of a partnership?

What is one of the disadvantages of a partnership?

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