Examlex
In modern societies, authority is derived from respect for the law. Laws specify how a person can legitimately achieve positions of command and accomplish tasks. If a person achieves political office by following societal laws, what type of authority does he or she have?
Small Corporations
Businesses incorporated under the laws of a state that have a limited number of shareholders and meet certain other criteria.
Benefit Corporation
A type of for-profit corporate entity that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.
Public Benefit
A positive impact or contribution to the wellbeing of the general public or community at large.
Materially Affected
A condition in which a party's rights, duties, or interests are significantly influenced or altered, typically in a legal or financial context.
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