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Which of the Following Phrases No Longer Belongs in Business

question 67

Multiple Choice

Which of the following phrases no longer belongs in business messages?


Definitions:

Personal Liability

The legal responsibility of an individual to repay debt or fulfill obligations from personal assets.

Partnership Form

An official business configuration where management roles and profit disbursements are shared among a few individuals.

Service-Type Businesses

Businesses that provide services instead of producing tangible goods.

Unlimited Life

A financial concept that assumes a corporation can continue in operation indefinitely, without a predetermined closure or liquidation date.

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