Examlex
According to the value chain model,when the value added by an activity exceeds the cost of the activity,the result is a profit for the business.
Associate
A person typically involved in a professional firm or organization with a certain level of membership or status, but not a full partner.
Certified Public Accountant
A professional who has met the educational and licensing requirements of a state and is qualified to perform accounting services, including audits.
Agency Relationship
A legal arrangement in which one party, the agent, is authorized to act on behalf of another, the principal, in business transactions or other matters.
Legal Purpose
A requirement for a contract to be valid, ensuring that the agreement is intended for a lawful objective and not for illegal activities.
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