If Something Is Ethical, It Must Not Be Illegal

question 14

True/False

If something is ethical, it must not be illegal.

Identify the types and sources of law in the United States.

Understand the principle of stare decisis and its importance in the legal system.

Distinguish between criminal and civil law.

Recognize the difference between equitable remedies and remedies at law.

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Definitions:

Cost System

The method used by a company to account for and allocate its costs.

Processing Department

A unit within a manufacturing facility where a specific type of processing or assembly of products occurs, often tracked in process costing systems.

Total Cost Transferred

The cumulative cost relocated from one department to another or from production to finished goods inventory.

Processing Department

A specific location or unit within a manufacturing facility where a distinct process or series of processes occur for the production of goods.