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______________ State What Behavior Is Inappropriate or Unacceptable

question 100

Multiple Choice

______________ state what behavior is inappropriate or unacceptable.Laws that prohibit us from driving over the speed limit and "good manners" that preclude you from reading a newspaper during class are examples.


Definitions:

Positive Accounting Theory

A theory that explains why firms elect certain accounting practices based on hypotheses about management behavior.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/property, or intellectual property.

Control

In the context of business, control refers to the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities, often achieved through ownership of more than half of the voting rights or otherwise.

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