Examlex
The net asset value (NAV)of a mutual fund is the total value of the securities it owns (minus any liabilities)divided by the number of shares issued by the fund.
Administrative Regulations
Rules and guidelines developed by governmental or organizational bodies to direct activities, implement laws, and govern operations within specific areas or functions.
Moral Absolutism
The ethical belief that there are absolute standards against which moral questions can be judged, and that certain actions are right or wrong, regardless of the context of the act.
Ethical Absolutism
The philosophical viewpoint that certain actions are absolutely right or wrong, regardless of the context or circumstances.
Cultural Relativism
The belief that a person's beliefs, values, and practices should be understood based on that person's own culture, rather than judged against the criteria of another.
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