Examlex
Which of the following statements about incumbency is FALSE?
Hospital
A healthcare institution providing patient treatment with specialized medical and nursing staff and medical equipment.
Corporation
A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being subject to lawsuits.
Business Revenues
The income generated from normal business operations, typically from the sale of goods and services to customers.
Proprietorship
A business owned and operated by a single individual, who is entitled to all profits and responsible for all debts.
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