The Purpose of Law Is to

question 21

Multiple Choice

The purpose of law is to

• A)provide a way of measuring our actions.
• B)punish us when our actions break the law.
• C)provide moral decision-making standards.
• D)A and B.

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Definitions:

Revenue Model

Describes the strategy by which a business generates income from its operations, products, or services, highlighting different revenue streams.

Business Model

Describes the rationale of how a new venture creates, delivers, and captures value.

Income

The monetary payment received for goods or services, or from other sources, such as wages or investments.

Intermediation Revenue Model

The different methods by which third parties such as brokers (or “middlemen”) can generate money.