Examlex
In a series of studies on bystander intervention conducted on the New York subway system, an accomplice of the experimenters staggered and collapsed on the floor of the train. Overall, these studies found that:
Competition
The rivalry among businesses to attract customers and achieve a higher share of the market.
Limited Liability
A legal structure for businesses that protects its owners' personal assets from the company's debts and liabilities.
Corporation
A legal entity that is separate and distinct from its owners, allowing it to own assets, incur liabilities, and conduct business in its name.
General Partnership
A type of business partnership where all partners share management responsibilities and are equally liable for business debts and obligations.
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