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During the first millennium BCE, China
C-type Corporations
Standard business corporations subject to corporate income tax, distinguished by their taxation at both the corporate and shareholder levels when dividends are distributed.
Partnerships
A legal form of business operation between two or more individuals who share management and profits.
Agency Problem
A conflict of interest arising between decision-makers (agents) and the owners (principals) due to differing goals.
Managements' Compensation
The financial and non-financial rewards given to corporate management, which may include salary, bonuses, stock options, and other benefits.
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