Minor Parties Built Around a Charismatic Leader Tend to Last

question 6

True/False

Minor parties built around a charismatic leader tend to last longer than other kinds of minor parties.

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Definitions:

Promoter

An individual or company responsible for organizing and financing the initial operations of a business venture or organizing events, often taking significant financial risks.

Incorporation

The process of legally declaring a corporate entity as separate from its owners, providing protection from personal liability and other benefits.

Accounting Services

Professional services involving the management of financial records, including bookkeeping, auditing, and preparation of financial reports.

Automatic Novation Clause

A contractual clause wherein all parties agree to automatically substitute a new contract or contractual obligation for an old one.