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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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