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Which statement about people with hardy personalities is FALSE?
Limited Liability
A legal structure that limits the financial liability of the owners of a business to their investment in the company.
Indefinite Business Life
A term indicating that a company or asset is expected to operate or remain useful without a foreseeable limit or end date.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders. It can own assets, incur liabilities, and is subject to taxation.
International Financial Reporting Standards
A set of globally accepted accounting principles and standards that guide the preparation of financial statements.
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