Examlex
Under the net realizable value approach,no value is recognized for by-products or scrap until they are actually sold.
Moral Principles
are basic guidelines or rules that govern ethical behavior and decision-making, reflecting beliefs about what is right and wrong.
Duty
An obligation or responsibility to act in a certain way, often imposed by morals, law, or custom.
Virtue
Moral excellence and righteousness; an admirable quality or trait that is esteemed and desirable.
Programmed Decisions
Automatic responses to routine and recurring situations.
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