Examlex
In a short essay, list and explain the four basic functions of management.
Income Ratio
A metric used to assess the profitability of a company, often calculated as net income divided by total revenues or sales.
Unlimited Life
An accounting concept referring to corporations that continue to exist irrespective of the status or continuity of their owners.
Legal Liability
The legal responsibility to settle financial debts or obligations resulting from lawsuits or breaches of contract.
Business Entities
Organizations established as separate legal entities for the purpose of conducting business, such as corporations, partnerships, and sole proprietorships.
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