Ethics and Law Are Different from Each Other in That

question 30

Multiple Choice

Ethics and law are different from each other in that ethics:

• A) bear a penalty if violated.
• B) are voluntary.
• C) rarely change.
• D) can always direct all decisions.

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Definitions:

Shared Service Units

Divisions within a company that provide services to multiple departments, improving efficiency and reducing costs.

Cost Centre

A segment of an organization where costs can be accumulated, but which does not directly generate revenue.

Standardised Services

Services that are provided in a consistent manner every time, ensuring uniform quality and experience across all service points.

Profit and Loss Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year.