Examlex
Reactivity occurs when:
Resources Owned
Assets or possessions that are held by an individual, an organization, or a country.
Proprietorship
A business owned and operated by a single person, making it the simplest form of business ownership.
Business Owned
Refers to entities such as companies or enterprises that are possessed and controlled by one or more persons or other businesses.
Economic Entity Assumption
An accounting principle that treats a business as separate from its owners, allowing for independent financial statements.
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