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Socialization is not always necessary for human beings.
Business Organizations
Formal entities set up for the purpose of conducting trade or providing services, following a particular operating structure and goals.
Partnership
A legal form of business operation between two or more individuals who share management and profits.
Corporation
A legal entity that is separate from its owners, offering limited liability to its shareholders, and is capable of entering contracts, suing and being sued.
Account Payable
The sum of funds that a business needs to pay back to its vendors or lenders for products or services bought on a credit basis.
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