Examlex
Most business observers agree with Berle and Means that, because stock ownership in large corporations is so dispersed, actual control of the corporation has passed to management.
Legally Liable
Being legally liable means being responsible by law to compensate or bear the consequences for causing damage or injury through actions or failures to act.
Corporation
A legal entity owned by shareholders with rights and liabilities distinct from those of its owners, capable of conducting business.
Sole Proprietorship
A business structure where a single individual owns and operates the business, taking on all responsibilities and liabilities.
Business Sales
The total receipts from goods and services sold by businesses over a specific time period.
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