– Anonymous Society is a French business structure, equivalent to a corporation in the US or a joint stock company in the UK.#
In 1808, the French government introduced the Société Anonyme as one of several measures designed to structure national trade and prevent rampant speculation that led to a cycle of boom and bust.
The advantage of Société Anonyme is that it limits the owner’s risk and protects the owner’s personal assets from creditor claims.
Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.
The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.
When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities.
The Code of Ethics sets out the ethical principles of the organization and the best practices to be followed with respect to honesty, integrity and professionalism.