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Match Each Term with Its Definition

question 49

Multiple Choice

Match each term with its definition.
-Caused by a spasm of the diaphragm and a spasmodic closure of the glottis


Definitions:

Legal Duty

An obligation recognized by law that requires an individual or entity to conform to a certain standard of conduct.

Maximizing Profits

The process of making the highest possible financial gain from business activities within the confines of the law and ethical practices.

Allocates Scarce Resources

The process of distributing limited resources among varying needs and wants in an efficient and effective manner.

Codify Ethical Requirements

The process of converting ethical guidelines into formal rules or laws.

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