Examlex
Test conditions detail the steps the system must perform along with the expected result of each step? In the implementation phase the organization places the system into production so users can begin to perform actual business operations with it.
S Corporation
A type of corporation in the United States that meets specific Internal Revenue Code requirements and is taxed differently, passing income directly to shareholders.
Shareholders
Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.
Ultra Vires Act
Actions conducted by a corporation's management or board that are beyond the scope of its powers as defined by its charter or the law.
Express and Implied Powers
Authorities of a governmental or organizational body that are explicitly stated (express) or inferred through conduct (implied).
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