All of the Following Statements Are Correct EXCEPT

question 29

Multiple Choice

All of the following statements are correct EXCEPT:

• A) Successful businesses seek to meet their social and ethical responsibilities.
• B) Business is the economic pulse of a nation.
• C) Business includes nonprofit organizations that provide services to the public.
• D) Business provides goods and services necessary to an economic system.

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Definitions:

Private Law

Private law governs the relationships between private individuals or entities, dealing with issues such as contracts, property, and family relations, distinguishing it from public law which involves the state.

Civil Law

A legal system based on written codes or statutes, in contrast to common law, which is based on judicial decisions and precedents.

Criminal Law

The body of law that relates to crime and prescribes conduct perceived as threatening, harmful, or otherwise endangering to property, health, safety, and moral welfare of people.

Preponderance Of Evidence

A standard of proof in civil cases, requiring that a party's evidence be more convincing than the opponent's evidence to win the case.