A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to losing the funds he/she invested. a. implied partner. b. partial partner. c. corporate partner. d. limited partner. A merger involving a commercial bakery and a grocery retailer would be an example of a: O a. horizontal merger. b. vertical merger. c. linear merger. d. conglomerate merger. is a state-chartered legal entity with authority to act and to have liability separate from its owners. a. unlimited partnership b. limited partnership c. conventional corporation d. nonprofit organization