Examlex
__________ are used to reinforce organisational values through repetitive activities.
Sole Proprietorships
Business entities owned and operated by one person, where there is no legal distinction between the owner and the business.
Corporations
Legal entities that are separate and distinct from their owners, capable of owning assets, incurring liabilities, and engaging in business activities.
Partnerships
A legal form of business operation between two or more individuals who share management and profits.
Depression
A severe and prolonged downturn in economic activity, marked by significant declines in income, employment, and production, often more severe than a recession.
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