Examlex
Which of the following terms describes a leader who brings to the situation a clear and compelling sense of the future, as well as an understanding of the actions needed to get there successfully?
Profit Share
An arrangement where profits from a business venture are distributed among the participants or stakeholders.
General Partner
A partner in a limited partnership whose liability is unlimited.
Limited Liability
Refers to a legal structure where a person's financial responsibility for business debts does not exceed their investment in the company.
Partnership Firm
A business entity in which two or more individuals share ownership, responsibilities, profits, and liabilities.
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