Elements of an organization is its lawful autonomy

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Assignment:

The characterizing element of an organization is its lawful autonomy from the investors that own it. Under corporate regulation, partnerships of all sizes have separate lawful character, with restricted or limitless obligation for its investors. Investors control the organization through a top managerial staff which, thusly, normally appoints control of the partnership's everyday tasks to a full-time leader. lnvestors' misfortunes, in case of liquidation, are restricted to their stake in the enterprise, and they are not obligated for any leftover obligations owed to the partnership's loan bosses. This standard is called restricted obligation, and it is the reason the names of enterprises end with Ltd. or some variation, for example, Inc. or plc.

Reference no: EM133215881

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