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Corporation - Form of doing business pursuant to a charter granted by a state or federal government. Corporations mainly are characterized by the issuance of freely transferable CAPITAL STOCK, centralized management, perpetual life and limitation of owners' LIABILITY to the amount they invest in business.
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Zero base budgets: this is a new technique, which was first used by the US Department of Agriculture in 1961. Texas instruments, an MNC, have used it in the private sector. But,
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