Examlex
In what circumstances do merit plans work best?
Conglomerate
A large corporation formed by the merger of separate and diverse firms, focusing on a wide range of business activities and markets.
Mutual Fund
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.
Vicarious Liability
A legal doctrine holding an individual or entity liable for the actions of another, based on the relationship between them, such as employer-employee.
Ultra Vires Rule
A legal doctrine that acts performed beyond the scope of a corporation's or entity's powers are invalid.
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