Examlex
Which of the following statements about switches is correct?
Partnership
A business structure in which two or more individuals manage and operate a business in accordance with terms and objectives set out in a Partnership Agreement.
Corporation
A legal entity separate from its owners, with its rights and liabilities, that is formed to conduct business or other activities.
Limited Liability
A legal principle that limits an investor's or owner's financial loss in a business venture to the amount of capital they have invested.
Carelessness
The lack of attention or consideration for the consequences of one's actions, often leading to mistakes or accidents.
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