Laws Are Rules or Required Actions That Are

question 13

Multiple Choice

Laws are rules or required actions that are

• A)written by the people to control the actions of criminals.
• B)moral decisions about how the population should live.
• C)ethical considerations of the cultural beliefs of the population.
• D)prescribed by an authority and have a binding legal force.

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Definitions:

Promoters

Individuals or groups who initiate and assist in the formation and organization of a corporation, often engaging in securing capital, compliance with legal requirements, and bringing together the initial management.

Passive Investor

An individual or entity that invests in stocks, bonds, or other investments without taking an active role in the management or their investment decisions.

Obligations

Duties or responsibilities imposed by law, contract, or moral duty.

Corporation

A legal entity formed under state law that is separate from its owners, providing limited liability and the ability to raise capital through the issuance of shares.