Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-empiricism
Ethical Business Practices
These are moral guidelines that inform how a business operates, ensuring fairness, transparency, and integrity in its dealings.
Social Responsibility
The concept that businesses should operate in a manner that benefits society at large, considering the impact of their activities on the environment, consumers, employees, communities, and stakeholders.
Community Expectations
The shared beliefs and standards that a society or group holds about what is acceptable or desirable behavior.
Statute Of Limitations
A law prescribing the maximum period during which legal action can be taken in a certain type of case.
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