Examlex
The primary purpose of the circular flow model is to show how government policies affect businesses and households.
Debit Balance
A debit balance is the amount of money that a business or individual owes; it reflects transactions that have been debited to an account, increasing the total debit.
Board Of Directors
A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.
Corporate Registrar
A corporate registrar is an entity responsible for maintaining a company’s register of shareowners and managing share issues and transfers.
Mutual Agency
The legal principle that allows each partner in a partnership firm to represent and make decisions for the firm.
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