partner is one whose association or relation with the firm is not known to outsiders.

Nominal

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Secret

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Active

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Dormant

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Solution

The correct option is B Secret
Secret partner is one whose association or relation with the firm is not known to outsiders.

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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

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