Examlex
An advantage of value chain analysis is that it allows a company to focus on what a company does best.
Actual Fraud
Deliberate deception by one party to secure unfair or unlawful gain, or to deprive another party of a legal right.
Ultramares Rule
A legal principle that limits the liability of accountants for negligence to parties with whom they are in direct contractual relationship unless fraud is involved.
Duty of Care
A legal obligation requiring individuals and entities to exercise a reasonable standard of care to avoid causing harm to others.
Positive Net Worth
The financial status where total assets exceed total liabilities.
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