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What is the deficit response index?
Partnership
An official business model that involves a collaboration between two or more people sharing both profits and management duties.
Negligence
The failure to exercise the standard of care that a reasonably prudent person would have exercised in a similar situation, leading to potential harm or loss.
Sole Proprietorship
A business structure where a single individual owns, operates, and is responsible for all aspects of the business.
Limited Liability
A legal structure that limits the financial responsibility of an organization's owners or shareholders to their investment in the company.
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