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A Business That Contributes Resources to the Community to Improve

question 91

Multiple Choice

A business that contributes resources to the community to improve the quality of life is taking on a(n) ____ responsibility.


Definitions:

Partnership Agreement

A contract between partners in a business that outlines the business structure, distribution of profits and losses, and the terms for changes and dissolution.

Withdrawal

The act of removing oneself or stopping participation in an activity, agreement, or investment.

Actual Authority

The specific powers that an agent is given by a principal to carry out tasks on their behalf.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

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