The Basic Idea That Underlies the Principle of Rights Is

question 40

Multiple Choice

The basic idea that underlies the principle of rights is that

• A)they must be earned.
• B)they are granted by the government.
• C)they cannot be overridden by utility.
• D)they are universal to all peoples.

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Definitions:

Tax Exempt

Describes income, property, or transactions that are legally free from tax liability.

Common Equity

The amount of ownership in a corporation that is held by common shareholders, represented by the value of common stock plus retained earnings.

Year-end Balance Sheets

Financial statements detailing a company's assets, liabilities, and equity at the end of a fiscal year.

Retained Earnings

Profits that a company retains rather than distributes to its shareholders as dividends, often used for reinvestment.