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If an agent tortiously injures a third party,the third party may not hold the principal personally liable.
Simple Rate Of Return
A calculation that measures the percentage return on an investment or project, not accounting for the complexity of interest compounding.
Cash Operating Expenses
Expenses that a company pays out in cash during an operational period, including salaries, utilities, and rent, but excluding non-cash expenses like depreciation.
Annual Depreciation
The allocation of an asset's cost over its useful life, representing how much of an asset's value has been used up during a fiscal year.
Simple Rate Of Return
A straightforward method of calculating the return on investment by dividing annual incremental net operating income by the initial investment cost.
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