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maks197457 [2]
4 years ago
6

Define the limits of the principle of commonality in regards to individuals, government, and corporations.

Business
1 answer:
Mandarinka [93]4 years ago
6 0

Answer:

The answer is below

Explanation:

Given that principle of commonality deals with things that are generally good or beneficial to the whole society regardless of time, space, and cultures. For example, education. However, there are some limitations to the principle of commonality, in relations to government, corporations, and individuals, such as:

1.  Lawful subordination: often, corporations are compelled to carry out their activities in a certain way, otherwise they will be sanctioned heavily. This can also be applied to individuals and governments when it comes to making decisions that need approval based on established laws and legal procedures.

2.  Economic power: for most common goods that are considered beneficial to society are often capital intensive. Be either corporation, government, or individuals, need a good amount of capital to facilitate necessarily sustainable advancement.

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The quick ratio of a firm with current assets of $300,000, current liabilities of $100,000 and inventory of $100,000 is
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