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A partner in a firm knows that the maximum financial loss he or she will experience is the amount he or she invested in the firm. The partner is called a ______ partner.

Respuesta :

Based on the information given the partner is called a limited partner.

What is a limited partner?

A limited partner is a partner who invested his or her money in a business but does not involve in the day to day running of the business.

In a situation where their is financial loss the only amount that a limited partner will loss is the amount they invested in the business  based on the fact that they are not actively involve in the running of the business.

Hence, their loss cannot be more than the amount they invested as they only contribute money to the business and share in the revenue that the business generated.

Inconclusion  the partner is called a limited partner.

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