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Globalization is often associated with a greater tendency for allocating economic activity toward
Admission
A statement made in court, under oath, or at some stage during a legal proceeding, in which a party against whom charges have been brought admits that an oral contract existed, even though the contract was required to be in writing.
General Partners
Owners of a partnership who have unlimited personal liability for the debts of the business and participate in its operations.
Limited Liability
A legal principle that limits the amount of financial risk and responsibility of investors or partners in a company to the amount of their investment.
Management Participation
Management participation involves the active engagement and involvement of a company's management team in its day-to-day operations and decision-making processes.
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