Examlex
Compare a corporation to both a sole proprietorship and partnership.Explain the role of the corporation in the development of and growth in the U.S.economy.
Preset Level
A predetermined or established level or standard that needs to be achieved or which serves as a benchmark for performance or operation.
Implicit Favorite
An unspoken preference or bias towards a particular option or choice in decision-making processes.
Escalation of Commitment
A psychological process whereby an individual continues to support a failing course of action due to cognitive biases, loss aversion, and sunk costs.
Decision-making Skills
The ability to evaluate information, consider alternatives, and choose the most appropriate course of action.
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