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One of the Pitfalls Small Business Owners Fall into Is

question 95

True/False

One of the pitfalls small business owners fall into is to fail to build a company culture that encourages new ideas and embraces change.


Definitions:

Liability

Financial obligations or debts that an entity is legally required to repay in the future.

Company

A business entity created by a collection of people to conduct and manage an enterprise, whether it be for commercial or industrial purposes.

Par Common Stock

The nominal or face value of a share of common stock as stated in the corporate charter, with no direct link to the market value.

Articles Of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

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