Examlex
What compensation scheme might improve the performance of the highly paid CEOs affected by external market forces?
Implied
Suggested or understood without being directly expressed or explicitly stated.
Unlimited Liability
The legal obligation of business owners to bear any and all debts of the business with their personal assets.
Personal Assets
Individual possessions or properties, including money, that belong to a person, not related to business assets.
Sole Proprietor
A type of business entity owned and operated by a single individual, where there is no legal distinction between the owner and the business.
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