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Alamos Inc.has extensively made use of the technology called cloud computing for several functions of its HR department.This technology has helped manage department functions,store necessary data,and also has given employees access to the required databases to resolve customer queries and complaints.Which of the following,if true,would disrupt the services provided by this arrangement?
Authorized to Conduct Business
The status granted to a company or individual that fulfills the regulatory requirements to legally operate in a particular jurisdiction.
De Facto Corporation
A company that operates like a corporation and may be treated as one for legal purposes, despite not having completed formal incorporation steps.
State Incorporation Statute
Laws established by individual states governing the process, requirements, and regulations for the incorporation of businesses within their jurisdiction.
Closely Held
Refers to a business that has a small number of shareholders, often family members, without public stock offerings.
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