Introduction to Business Students Know That the Creation of Laws

question 237

True/False

Introduction to Business students know that the creation of laws are the first step that a society takes in order to act in an ethical manner. The U.S. government learned that unless it stepped in and created business laws, many firms would not concern themselves with fair practices when it comes to hiring, firing, and non-discriminatory actions.

---

Definitions:

Small Used Aircraft

A previously owned aircraft that is smaller in size, often used for personal, business, or small commercial purposes.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Discount Rate

Within discounted cash flow analysis, it's the interest rate applied to derive the present value of cash flows expected in the future.

Profitability Index

A financial tool used to measure the relative profitability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.