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Lewis is a sales representative for his company. He is attending a company training program about the types of expenses that are considered legal deductions for tax purposes, and how to distinguish between personal expenses and business expenses. Lewis is attending training to improve his ________ skills.
Down Payment
An initial payment made when something is bought on credit, representing a fraction of the full purchase price.
Scope of Authority
The range or limits of the powers and responsibilities legally granted to a person or organization.
Liable
Subject to being held accountable, usually in a legal or financial context, for fulfilling obligations or compensating for an incurred loss or damage.
Constructive Trust
A legal concept created by a court to rectify a situation where someone has wrongfully gained property at another's expense.
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