Examlex
In the 1990s,
Fixed Asset
Long-term tangible property that a company owns and uses in its operations to generate income, such as buildings, machinery, and equipment.
Owner's Equity
The total value of a business owned by its owners, calculated as the business's total assets minus its total liabilities.
Business Ownership
Refers to the control over a business enterprise, determining the management and profit allocation.
Sole Proprietorship
A business structure where a single individual owns, manages, and is personally responsible for all aspects of the business.
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