Examlex
Operating decisions deal with how to best use the limited resources of an organisation.
Corporation
A legal entity recognized by law as a separate entity from its owners, providing limited liability but allowing it to enter into contracts, sue, and be sued.
Sole Proprietor
A business structure where a single individual owns, manages, and bears the responsibilities for all aspects of the business.
Limited Liability
A legal status where a person's financial responsibility is limited to a fixed amount, usually the value of their investment in a company or partnership.
Torts
Civil wrongdoings recognized by law as grounds for a lawsuit, resulting in injury or harm that constitutes the basis for a claim by the injured party.
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