Examlex
Which of the following business practices involves reducing the number of organizational levels to get closer to the customer?
Limited Liability
A legal structure that protects individual investors or company owners from being personally responsible for company debts and liabilities beyond their investment.
Stockholders' Equity
The ownership interest of shareholders in a company, calculated as the company's total assets minus its total liabilities.
Personal Assets
Assets owned by an individual as opposed to those owned by a business or an institution.
Transfer Agent
A trust company, bank, or similar financial institution assigned by a corporation to maintain records of investors, account balances and transactions, and to manage dividends and other disbursements.
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