Which of the Following Is Not Included in Carroll's Four-Part

question 1

Multiple Choice

Which of the following is not included in Carroll's four-part definition?

• A) economic responsibilities
• B) legal responsibilities
• C) ethical responsibilities
• D) managerial responsibilities

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Definitions:

Operating Lease

A lease agreement for the use of an asset without ownership transfer, typically involving payments for a period shorter than the life of the asset.

Required To Maintain

Obligatory actions or measures needed to keep a system, process, or asset in working order or to uphold a specific condition.

Manufacturer

A company or individual that produces finished goods from raw materials through the use of machinery and labor, involved in the industrial sector of the economy.

Direct Lease

A lease agreement where the lessee directly leases the asset from the owner or lessor without using a third party.