According to Your Text, How Are Most of Our Decisions

question 99

Multiple Choice

According to your text, how are most of our decisions made regarding what is ethical or unethical in advertising?

• A)through personal judgment
• B)through industry codes of ethics
• C)through government regulation
• D)through artistic instinct

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Definitions:

Owner's Equity

The ownership stake of shareholders or owners in a company's assets once all debts have been subtracted.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period of time, resulting in a net profit or loss.

Capital Account

An account on the balance sheet representing the original investment by the owners plus any retained earnings.

Owner Invests

The action taken by an owner to contribute resources, such as cash or other assets, into the business for its use.