How do legal rules and principles bind us to act and take decisions in certain ways?
What will be an ideal response?
We have a duty to pay our taxes even if the money might be more efficiently spent on our children's college education. We have to stop at a red light, even if no cars are coming. Decision making within a business context will involve many situations in which one ought to obey legal rules even when the consequences, economic and otherwise, seem to be undesirable.
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A component of equity that arises when a parent company owns a majority of the common shares of a subsidiary company is known as?
A) ?majority interest. B) ?noncontrolling interest. C) ?earned capital. D) ?unearned capital.
List at least two factors that should be considered in a make or buy decision
A party who is owed a right under a contract is called an obligor
Indicate whether the statement is true or false
When a supporting document functions as a project control device throughout the project's development, it is NOT prepared in advance:
A) Due to time constraints. B) As it is a dynamic document. C) Since micromanaging can occur. D) Because control devices are left to project completion.