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Several Basic Principles of Ethics Can Be Derived from the Theories

question 20

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Several basic principles of ethics can be derived from the theories of ethics.The basic principles of ethics include:


Definitions:

Partnerships

A lawful business structure involving two or more people who jointly manage and distribute earnings.

Proprietorships

A business structure owned by a single individual who is responsible for its liabilities and entitled to its profits.

Corporate Income Tax

A tax imposed on the net income or profit of corporations and other business entities.

Progressive

A tax system where the tax rate increases as the taxable amount increases, making it more burdensome for higher earners.

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