How is a legal entity, such as a corporation, similar to a person?
What will be an ideal response?
A corporation is considered a "legal person," or entity, composed of stockholders under a common name. A corporation, just like a person, has rights and responsibilities under the law, it can buy and sell property, enter into leases and contracts, and be prosecuted.
Business
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Identify the phenomenon in which the conventional functional relationship assumed is that unit costs are a decreasing function of accumulated experience, or production volume
A) the regression curve B) the experience curve C) the Chasm model D) Parfitt-Collins model
Business
A retailer shifting from a retailer-based credit card system to a bank-based credit card system illustrates _____
a. resizing b. self-service operations c. downsizing d. outsourcing
Business