Examlex
Submergent coasts might have all of the following characteristics except:
Shareholders
Individuals or entities that own one or more shares of stock in a public or private corporation, giving them a right to a portion of the company's profits and assets.
Limited Liability
A legal structure that restricts the amount of money that owners or shareholders can lose in case the company fails, limiting their loss to the amount they have invested in the company.
Direct Management
The process of overseeing and directly controlling operations or tasks without intermediary levels of command.
Charter
A legal document that establishes a corporation or other organization, outlining its purpose, activities, and rights.
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