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Which is the first step in the management process?
LLP
Limited Liability Partnership, a partnership in which some or all partners have limited liabilities, protecting personal assets from debts and liabilities of the partnership.
Net Income
The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenues.
Capital Account Balance
The net amount of funds invested in a business by its owners, plus retained earnings or minus accumulated losses.
Partnership Capital
The amount of capital that is contributed by the partners in a partnership firm, representing their ownership interest and basis for sharing profits and losses.
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