Examlex
Locals are often times a better choice than expatriates for filling foreign subsidiary management positions because they are .
Economic Development
The method through which a country enhances its citizens' economic, political, and social conditions.
Limited Partnership
A business arrangement where one or more partners are liable only up to the amount of their investment, while at least one partner has unlimited liability.
Perpetual Life
The concept that an entity, usually a corporation, continues to exist indefinitely until it is legally dissolved, regardless of changes in ownership or management.
Limited Liability
A legal structure where a company's owners are protected from losing more money than they have invested in the company.
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