Skills and Abilities That Can Be Applied in More Than

question 3

True/False

Skills and abilities that can be applied in more than one work environment are called job-specific skills.

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Definitions:

Corporations

Legal entities separate from their owners, providing protection against personal liability, but subject to corporate taxes.

Firms

Organizations or business entities engaged in commercial, professional, or industrial activities, aiming to generate profits by providing goods or services.

Proprietorships

Proprietorships, or sole proprietorships, are businesses owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Limited Liability

The liability of the owners of a corporation is limited to the value of the shares in the firm that they own.