Selected Ledger Accounts Appear Below for Fulton Surveying Services for 2014

question 100

Essay

Selected ledger accounts appear below for Fulton Surveying Services for 2014.


Prepare a retained earnings statement.

Recognize the legal implications of breaching a contract.

Understand the distinction between intellectual property and other forms of property.

Describe the requirements for an offer to be legally effective.

Explain the doctrine of contractual capacity.

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Definitions:

Ethical Relativism

The belief that morality is not universal and that ethical truths depend on the individuals and groups holding them.

Situational Ethics

A theory suggesting that ethical decisions should be made based on the specific context of a situation rather than fixed laws.

Deontology

An ethical theory that emphasizes duty, rules, and the inherent rightness of actions, irrespective of the consequences.

Virtue Ethics

A philosophical approach that emphasizes virtues, or moral character, in ethical decision-making rather than rules or consequences.