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Multiple-Choice Questions

Who is not entitled to the share of profits?

15. Who is not entitled to the share of profits?

  1. Manager
  2. Shareholders
  3. Partners
  4. Nominal Partner

Answer: D) Nominal Partner

Explanation:

A nominal partner is a partner in the business who has no actual interest in the trade or its profits. However, the person allows his/her name to be used in the business.

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