As They Apply to Everyone in Society,the Function of Laws

question 107

Multiple Choice

As they apply to everyone in society,the function of laws in Canada is to establish and enforce what?

• A)financial norms
• B)advanced standards
• C)social norms
• D)ethical norms

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and goods, used by a business to generate income.

Stockholders

People or organizations holding one or more shares in a corporation, thereby having partial ownership of the business.

Legal Capital

The minimum amount of capital that a company is required to maintain by law, often used to protect creditors and shareholders.

Financial Loss

A decrease in net income that results from operating activities, investments, and changes in fair value of assets, exceeding the income from these activities.