Examlex
If a Markov chain has at least one absorbing state,steady-state probabilities cannot be calculated.
Corporate Privilege
Special rights or immunities granted to corporations, often exempting them from certain legal obligations.
Personal Benefit
Advantage or gain obtained by an individual from a situation or transaction, which is often a factor considered in legal judgments.
Implied Power
Powers not explicitly stated but necessary and proper for executing one's official duties or functions.
Corporate Officers
High-ranking executives who are charged with managing the operations and ensuring the compliance of a corporation.
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