Examlex
The right side of a T account is known as a debit and the left side is known as a credit.
Goods and Services
Denote the tangible products and intangible offerings that fulfill the needs or wants of consumers, provided by businesses or individuals.
Defensive Strategy
A set of actions undertaken by a corporation to protect itself against potential threats or mitigate existing ones.
Corporate Social Responsibility
A business model that integrates self-regulation into its business model to ensure its operations adhere to laws, ethical standards, and international norms, often going beyond profit to include environmental and social welfare.
Legal Requirements
Obligations imposed by law that individuals and organizations are bound to comply with.
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