Match Each Term with Its Definition

question 34

Multiple Choice

Match each term with its definition.
-Assets − Liabilities = Net Worth

• A)accounting formula
• B)accounts receivable ratio formula
• C)gross collection ratio formula
• D)net collection ratio formula
• E)cost ratio formula
• F)assets
• G)write-offs
• H)liabilities
• I)accounts receivable
• J)income statement

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Definitions:

Ethic Of Responsibility

A moral philosophy emphasizing the importance of taking responsibility for the consequences of one's actions, particularly in relation to others and society.

Laws

The system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

Rules Of Conduct

Standards and guidelines designed to govern the behavior of members within a profession or organization.

Positive Law Theory

In ethics, the theory that says that laws originate from an outside source that emerges within society.