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Explain Facebook's Principles of Meaningful Social Networking Applications

question 12

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Explain Facebook's principles of meaningful social networking applications.


Definitions:

Limited Partnership

A partnership where some members have limited liabilities to the amount they invest, while at least one partner has unlimited liability.

Extinguishing

The act of putting an end to something, such as extinguishing a debt, a legal obligation, or a fire.

Dissolution

Dissolution is the process of formally ending the existence of a legal entity such as a company or partnership.

Winding Up

The process of dissolving a company by selling its assets, paying off creditors, and distributing the remaining assets to shareholders.

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