Question

A partner who does not participate in the management of the business is a _________ partner; a partner who participates in decisions and advises management, but whose partnership interest is not known to third parties is a __________ partner.

Answer 1

Silent partner, secret partner

Step-by-step explanation:

Partnership is an arrangement between two or more individuals to come together to form a business.

Silent partners are also known as investors. They are individuals who invest money into the business. Silent partners do no participate in the daily running of activities in the organization. The only means of contribution of the silent partner to the business is the provision of capital.

Secret partners are partners whose membership is not disclosed to the public, they take part in decision making processes in the organization.