Examlex
Explain under what circumstances an agent can be liable for his conduct rather than the principal.
Liabilities
Financial obligations or debts that an entity owes to others, which must be settled over time through the transfer of economic benefits.
Assets
Economic resources or valuable items that a business owns or controls with the expectation that they will provide future benefits.
Mismanagement Decisions
Poor or inefficient decisions made in the management of a company that can lead to negative outcomes or failure.
Small Businesses
Enterprises characterized by a small number of employees, limited revenue, and often locally based, playing a significant role in the economy.
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