Enterprise Information Systems Are Information Systems That Are Shared by Two

question 41

True/False

Enterprise information systems are information systems that are shared by two or more independent organisations.

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Definitions:

Limited Liability Company

A business structure that protects its owners from personal responsibility for its debts or liabilities.

Corporation

A legal entity formed by a group of people to operate a business or businesses, which has most of the rights and responsibilities of an individual.

General Partnership

A business arrangement where two or more individuals agree to share all assets, profits, financial and legal liabilities of a venture.

Partnership Terminates

The process or event leading to the dissolution or ending of a partnership agreement between two or more business partners.