Flashcards - Business Organization & Decision Making

Flashcards - Business Organization & Decision Making
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limited liability partnership
A limited liability partnership is a partnership in which some or all partners have limited liabilities
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welfare
Welfare is the provision of a minimal level of well-being and social support for citizens without current means to support basic needs, sometimes referred to as public aid
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corporation
A corporation is a company or group of people authorized to act as a single entity and recognized as such in law
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7 cards in set
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corporation
A corporation is a company or group of people authorized to act as a single entity and recognized as such in law
welfare
Welfare is the provision of a minimal level of well-being and social support for citizens without current means to support basic needs, sometimes referred to as public aid
limited liability partnership
A limited liability partnership is a partnership in which some or all partners have limited liabilities
consumer cooperative
Consumer cooperatives are enterprises owned by consumers and managed democratically which aim at fulfilling the needs and aspirations of their members
gut instinct
Intuition is the ability to acquire knowledge without proof, evidence, or conscious reasoning, or without understanding how the knowledge was acquired
general partnerships
In most countries, a general partnership is an association of persons or an unincorporated company with the following major features: * Created by agreement, proof of existence and estoppel
double taxation
Double taxation is the levying of tax by two or more jurisdictions on the same declared income , asset , or financial transaction

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