Examlex
When Laura,a manager in a department store,tells someone to do something and refers to the fact that she is the boss and therefore the other person must do as asked,she is trying to use __________ power to influence the other person's behaviour.
Corporation
A legal entity owned by shareholders, offering limited liability and existing independently of its owners.
Times Interest Earned
A financial metric indicating how many times a company's operating income can cover its interest expense, used to assess financial stability.
Net Income
The total profit of a company after all expenses and taxes have been deducted from total revenues.
Interest Expense
The cost incurred by an entity for borrowed funds; interest expense is a non-operating cost shown on the income statement.
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