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In Computing a ________ Is Both a Set of Rules

question 50

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In computing a ________ is both a set of rules, usually formalized in a published standard, as well as an implementation of that set of rules.


Definitions:

Partnership Capital

The total amount of resources contributed by partners to a partnership for the purpose of starting or expanding the business.

Partner's Contribution

Refers to the resources (capital, property, expertise) a partner brings into a partnership.

Corporation

A legal entity recognized by law as a separate entity from its owners with its own rights, liabilities, and obligations.

Board of Directors

A group of individuals elected to represent shareholders and govern the corporation's affairs and decision-making processes.

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