A partner whose association with the firm is unknown to the general public is called _____________.

Active partner

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Sleeping partner

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Nominal partner

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Secret partner

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is C Secret partner
Secret partner is the partner of the firm whose association is unknown to the general public but he takes part in the decision making and management of the business firm.

Suggest Corrections

Similar questions

A partner whose association with the firm is unknown to the general public is called

(a) Active partner

(b) Sleeping partner

(d) Secret partner

Describe the following :

(a) Sleeping partner

(b) Secret partner

(d) Active partner

Join BYJU'S Learning Program