Examlex
Which of the following can establish practical significance for adverse impact?
Profit
The financial gain achieved when the revenues earned from business activities exceed the expenses, costs, and taxes needed to sustain the activity.
Personally Liable
The state of being legally responsible for one's actions on an individual basis, which can result in personal financial liability.
Partnership
A form of business conduct legally established among at least two partners with shared responsibilities and profit distribution.
Debts
Money owed by one party to another under an agreement that the amount will be paid back, often with interest, by a certain date.
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