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The planning process begins with two attributes: a mission statement and a vision statement. What questions are answered with each of these?
Dangerous Probability
A legal standard used to assess the likelihood that a particular action will cause harm or violate a law.
Monopoly Power
The ability of a single entity or company to control a significant portion of the market for a particular good or service, allowing it to set prices and limit competition.
Total Assets
The entirety of what a company or individual owns, including money, securities, equipment, and real estate.
Sherman Act
A landmark federal statute in the antitrust law that prohibits monopolistic practices and promotes competition.
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