Explain the Issue of Ethical Relativism in a Global Environment

question 76

Essay

Explain the issue of ethical relativism in a global environment.Give an example.

Recognize the structural and functional distinctions between gap junctions in animals and plasmodesmata in plants.

Understand the principle of consideration in contract law.

Differentiate between valid and invalid consideration.

Recognize the role of promissory estoppel in the absence of formal consideration.

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Definitions:

Reconciling Items

Entries made to adjust or reconcile differences between two sets of records or accounts.

Bank Statement

A document provided by a bank that summarizes an account holder's financial transactions and balances over a specified period, typically monthly.

Cash Balance

The amount of cash that a company or an individual has available at any given time.

Journal Entry

An accounting record of a transaction where the total amounts in the debit and credit columns are equal.