Small Business Management Study Set 2
Quiz 23: Risk Management
Because of Close Management, Small Business Owners Are Less Vulnerable
Because of close management, small business owners are less vulnerable to business swindles than are their large firm counterparts.
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Real property excludes anything physically attached to land, such as buildings.
Personal property includes any property other than real property, including buildings, machinery, equipment, furniture, fixtures, stock, and vehicles.
Wrongful acts or admissions for which an injured party can take legal action against the wrongdoer to seek monetary damages is called contractual liability.
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