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Entrepreneurs Learn That There Are Many Legal and Financial Issues

question 231

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Entrepreneurs learn that there are many legal and financial issues involved in starting their business. The best way for the small business owner to resolve these issues and protect the firm's resources is


Definitions:

Coverage

The extent to which insurance policies or financial protection plans will compensate for losses or damages incurred.

Financial-Planning Consultant

A professional who advises clients on managing their finances and achieving financial goals.

Vicarious Liability

A legal principle where one party is held liable for the actions or omissions of another, typically in an employer-employee relationship.

Defamation

The act of damaging someone's reputation through false statements, either spoken (slander) or written (libel).

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