Examlex
Corporate managers must treat the internal new-venturing process as a form of entrepreneurship.
Unincorporated Business Associations
Groups or partnerships operating a business without forming a legal corporation, thus not enjoying the benefits or protections of corporate status.
Duty Of Obedience
An obligation to act in accordance with the directives or policies of an organization, typically refers to nonprofit boards or similar entities.
Personally Liable
The responsibility of an individual to fulfill debt or obligations from their own assets, rather than those of a corporation or entity.
Gross Returns
The total return on an investment before any deductions are made for costs or fees.
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