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Is published once a year and provides stockholders with details about the company's performance and financial condition. correct answers Annual Report Accounts for all revenues and expenses over an accounting period. correct answers Income Statement Summarizes a company's assets, liabilities...

Explain the difference between law and ethics correct answers Laws are A system of principles and rules of human conduct Ethics are Externally imposed guidelines for behavior that is considered right or wrong. Provide examples of behavior that may be legal but that people may consider unethica...

Laws vs Ethics correct answers Ethics deal with personal and moral principles whereas laws are society's values and are enforceable in the courts Moral Absolutism correct answers There is only right and wrong. Suggests ethical standards apply universally across all cultures Moral Pluralism co...

Explain the difference between law and ethics correct answers Laws: A system of principles and rules of human conduct. In a business setting, law represents the "rules of the game," the framework for business operations and decision making. Legal compliance is risk management. Ethics: Externall...

Law correct answers A system of principles and rules of human conduct. In a business setting, law represents "rules of the game", the framework for business operations and decision making ------- are generally based on ------ but they are not the same thing. correct answers Ethics, Moral Princi...

What are the three pillars of Seidel's three pillar approach? correct answers Strategy, Law, and Ethics Define the Strategy Pillar correct answers Assumes a stakeholder approach—finding ways to move beyond a shareholder value orientation Define the Law Pillar correct answers Risk management...

Businesses can be classified into the following forms: a proprietorship, a partnership, a corporation, a limited liability company (LLC), and a limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics would apply to ...