Examlex
The ________ operates like an electric check valve; it permits the current to flow through it in only one direction.
Voting Rights
The entitlement of shareholders or members of an organization to vote on matters affecting the governance of the organization.
Management Power
The authority given to managers or executives to make decisions and oversee the operations of an organization or its assets.
Apparent Authority
A situation in which a person appears to have been given the power by another party to act on their behalf, leading third parties to reasonably believe that authority exists.
Partnership Agreement
A contract among business partners detailing the business structure, distribution of profits and losses, and rules for the partnership's governance and operation.
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