Examlex
On the balance sheet, total assets must always equal total liabilities and equity.
Void Ab Initio
A term meaning "void from the beginning," indicating that a contract or agreement was invalid from the start.
Straight Commission
A compensation model in sales where an employee's income is derived entirely from the commissions made on the sales they secure.
Compensation Plan
A structured pay system for employees that may include salary, bonuses, stock options, and other benefits.
Customer Service
The assistance and support provided by a company to the individuals who buy or use its products or services.
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