Examlex
MIS is synonymous with IT.
Market Prices
The prevailing rates at which goods and services are traded in the market, determined by supply and demand.
Inputs
Resources used in the production process, including labor, materials, and capital.
Proprietorships
businesses owned and operated by a single individual, where the owner is personally responsible for the company's debts and obligations.
Corporations
A business firm owned by shareholders who possess ownership rights to the firm’s profits, but whose liability is limited to the amount of their investment in the firm.
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