Examlex
In the world system,Australia can be described as which one of the following?
Closely Held
A business structure where the ownership is concentrated in a small group of individuals, often family members.
Agency Relationships
A legal and fiduciary relationship between two parties, where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.
Employer-Employee
A legal and professional relationship between a person who hires others to perform specific tasks and those who are hired.
Sole Proprietorship
An organizational model in which a sole proprietor is in charge of owning, operating, and bearing all responsibilities for the enterprise.
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