Explain Why a Corporation Is Referred to as a Legal

question 25

Essay

Explain why a corporation is referred to as a legal fiction.

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Definitions:

Performance Goals

Specific, measurable objectives set to evaluate the effectiveness of employees or company processes.

Incentive Plans

Programs designed by employers to motivate and reward employees for exceeding work performance goals.

Performance Standards

The established expectations, metrics, or benchmarks used to measure and assess an individual's or organization’s performance in specific areas.

Organizational Performance

The measurement of an organization's efficiency, effectiveness, and ability to meet its goals.