Examlex
While it is important to build rapport with respondents, it is not appropriate to share personal details with the person being interviewed.
Partnership
A partnership is a legal business structure where two or more individuals share ownership, responsibilities, and profits or losses of the business.
Corporation
A legal entity that is separate and distinct from its owners, with rights to enter into contracts, loan and borrow money, sue and be sued.
Not-for-Profit
Organizations or institutions that do not operate for the purpose of making a profit but rather for a public benefit or a specific cause.
Profit Maximization
The process by which a firm determines the price and output level that returns the greatest profit.
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