Which of the Following Is True Regarding the Relationship Between

question 98

Multiple Choice

Which of the following is true regarding the relationship between norms and the law?

• A) All norms are supported by law.
• B) Not all norms are supported by law and not all laws are supported by norms.
• C) All laws are supported by general norms.
• D) Formal laws are established and enforced only when they have the backing of informal sanctions.

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Definitions:

Net Loss

A situation where a company's expenses exceed its revenues during a specific period, indicating negative profitability.

Annual Salary

The total amount of money that an employee is paid annually by their employer for their professional services.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.