Examlex
Which situation reflects the ethical principle of veracity?
Accidental Sale
A transaction where goods or services are sold unintentionally, often due to a misunderstanding or mistake.
Profit Margin
A financial metric used to assess a company's profitability by comparing net income to sales.
Fair Market Value
An estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.
Statute of Frauds
A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.
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