Examlex
The first stage of this classification system placed the convict in segregated confinement with work and training being provided to the offender.
Organizational Flexibility
The ability of a company or organization to adapt quickly to changes in its environment, including market trends, technologies, and internal dynamics.
Limited Liability
A legal structure where an individual's financial risk is limited to a fixed amount, typically the value of their investment in a company.
Perpetual Existence
A term used to describe a company's ability to continue operating indefinitely unless it decides to terminate.
Sole Proprietorship
A business owned and operated by a single individual, with no distinction between the business and owner legally or financially.
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