Examlex
All of the following are steps in a typical sequence of performance management EXCEPT:
Sole Proprietorship
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Incorporated
A legal process whereby a business entity is formed as a distinct legal entity, separate from its owners, with its own rights and liabilities.
Principal
The main party to a transaction or contract who has a primary interest and authority in the context considered.
Agency Responsibilities
Duties and powers entrusted to an agent or agency acting on behalf of another person or entity, known as the principal.
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