Business Must Develop Its Own Definition of What Is Right

question 10

True/False

Business must develop its own definition of what is right and wrong,apart from ethics.

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Definitions:

Income

The financial gain that an individual or business receives, usually from employment, business activities, or investments.

Utility Function

A mathematical representation of how a particular good or set of goods generates satisfaction or utility for an individual or consumer.

Flood

An overflow of water that submerges land which is usually dry.

Insurance

A risk management tool that provides financial protection against potential losses in exchange for premium payments.