Explain the Bottom Layer of the Wedding Cake Model of Justice.Include

question 16

Essay

Explain the bottom layer of the wedding cake model of justice.Include one example of a case that would fall into this layer.

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Definitions:

Long-Term Assets

Assets that are expected to provide economic benefits to a company for more than one year, such as real estate, machinery, and patents.

Intangible Assets

Non-physical assets owned by a business that can provide economic benefit, such as patents, trademarks, and goodwill.

Noncompetitive Clause

A contract agreement that restricts one party from entering into or starting a similar profession or trade in competition against another party.

Due Disclosure

The legal and ethical requirement to provide honest and complete information relevant to a business transaction or financial statement.