Examlex
An active fault is defined as a fault that
Sole Proprietorships
A form of business ownership with a single owner who manages the company and is responsible for all business debts.
Partnerships
Legal arrangements in which two or more parties agree to operate a business together, sharing its profits and liabilities.
Corporations
Corporations are legal entities separate from their owners, created to conduct business, can own assets, incur liabilities, and are subject to taxation.
Account Receivable
Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
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