Examlex
The _________, also known as the "grapevine," allows employees to speak directly and not chance the message being altered as it moves though the formal communication network.
Bonus Method
An accounting technique used to record the transactions related to the admission of a new partner into a partnership by revaluing the existing partners' capital accounts.
Profits and Losses
A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.
Limited Liability Partnership
An agreement where a number of partners have their liabilities restricted, such that they are not individually accountable for the business's financial obligations.
Limited Liability Company
A flexible form of enterprise that blends elements of partnership and corporate structures, protecting members against personal liability beyond their investment.
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