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What is the European Union (EU)? Discuss how the EU affects both Europe and international managers working in Europe.
Corporation
A legal entity that is separate and distinct from its owners, providing the owners with limited liability.
Limited Liability
A legal structure that limits the financial liability of company owners to the amount they invested, protecting personal assets from business debts.
Shareholder Control
The power exercised by shareholders to influence a company’s decisions, often through voting rights associated with share ownership.
Stock Exchange
A marketplace where securities, such as stocks and bonds, are bought and sold, facilitating the trade between buyers and sellers.
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