Concept:A type of partnership is identified by the extent of liability and the role of the partner in management.
Explanation:A limited partnership is a recognised form of business partnership.
In this arrangement, a limited partner contributes capital but does not take an active part in managing the business.
The limited partner is only liable for business debts up to the amount of capital they contributed.
This means the partner enjoys limited liability.
A limited liability company is not a partnership; it is a separate form of business organisation.
Private partnership and joint stock partnership are not standard recognised types of partnership.
Answer:A. Limited partnership