On the line in front of each statement,enter the letter corresponding to the term that best fits that statement.You may use a letter more than once and some letters may not be used at all.
Definitions:
Management Decisions
Choices and actions taken by the management of an organization regarding its operations, strategic direction, and allocation of resources.
Limited Liability
A legal structure that shields owners' personal assets from the debts and liabilities of the business.
General Partners
Individuals in a partnership who are responsible for the management of the partnership and are personally liable for its debts.
Consent
An agreement or permission given by an individual knowingly and freely without any form of coercion.
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