Examlex
When a salesperson promises customer service to her prospect, what are some of the elements that would NOT be included in this "promise"?
Net Worth
Net Worth is the total value of an individual's or entity's assets minus liabilities, indicating financial health or wealth at a point in time.
Assets
Resources owned by a person or business that have economic value or expected future benefit.
Liabilities
Financial obligations or debts owed by a person or company to others.
Taxation Principle
The guidelines governing how taxes should be levied on individuals and businesses in a fair and efficient manner.
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