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You are the first to arrive on the scene of a motor vehicle collision. The scene size-up reveals a tanker truck on its side with an unresponsive driver in the cab. Multiple bystanders are around the cab waving for you to come over and help the driver. Your immediate action should be to:
Market Value
The current price at which an asset or service can be bought or sold in an open market.
Depreciated Value
The reduced worth of an asset over time due to wear and tear, obsolescence, or market conditions.
Corporation
A legal entity that is distinct from its owners, offering limited liability and the ability to raise capital by selling shares.
Sole Proprietorship
A type of enterprise owned and operated by one person, where there is no legal distinction between the owner and the business operation.
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