Answer:
Investing
Explanation
— The process of setting money aside to increase wealth over time and accumulate funds for long-term financial goals such as retirement.
Answer:
Check below for explanations
Explanation:
A legal rule is one made and enforced by social or governmental organizations to guide and regulate the conduct of the people in a society while ethical responsibilities are morally based obligations that individuals and groups have towards each other, and their abilities to interpret and act upon these ethical standards.
Ethical standards are not the bases for forming legal rules and vice-versa. Some conducts may conform to legal standards but may not uphold the ethical principles of a particular society. Some legal requirements are not ethically required and some ethical requirements are also not necessarily supported by law. This makes legal rules insufficient for fulfilling ethical responsibilities.
A cosmetic company using a popular drug addict, who also is a musician as a brand ambassador does not break any legal rules but fails in their ethical responsibilities. This is because this act can promote the rate of drug addiction among young people.
The slave trade was legal in Europe in the mid seventeen century, but this out-rightly opposes ethical standards because the people that were traded as slaves during these periods were not made to enjoy their human right. This was legal because it was accepted by the European governments.
Full question:
Indicate whether the following statements are "True" or "False" regarding the concept of gross income.
a. While the Constitution grants Congress the power to tax income, it does not define the term.
b. The Supreme Court has held that there is no income subject to tax until the taxpayer has recovered the capital invested.
c. Economists measure income (economic income) by first determining the fair market value of the individual's net assets (assets minus liabilities) at the beginning and end of the year (change in net worth).
d. Accounting and tax rules regarding income are the same.
e. The accounting concept of income is founded on the realization principle.
f. Gross income is not limited to cash received.
Answers:
a. True
b. True
c. True
d. False
e. True
f. True
Explanation:
1.The constitution of the United States allows for power to tax income however it doesn't define tax.
2.income is not subject to tax until there is profit from capital invested as ruled by the Supreme Court of the United States
3. Measurement of income in Economics involves applying the concept of fair value to measure income at the beginning and end if the year and notice any changes that may have occurred
4. Accounting and tax rules regarding income are not the same. Accounting however complies with tax rules for accounting purposes.
5.the realization principle involves income earned or losses incurred(not necessarily received in cash or given out)
6.Gross income encompasses all(recognizable) earned income for the period(cash or not)
<span>Two ways in which Latin American is involved in international affairs today are:
</span>1. Climate change emmission controls
2. Peacekeeping in the United Nations
With the exception of Mexico, all the larger Latin American economies are involved in UN peacekeeping operations. Mexico was not involved because its constitution did not permit the military to go out of the country until recently. Once the constitution changed, Mexico is now starting to participate in peacekeeping missions, starting with Haiti.
<span>The best rule to follow in applying operant conditioning to your own life is to is a form of associative learning in which behaviors are triggered by associations with events in the environment. In classical conditioning it is learning in which an organism comes to ASSOCIATE one stimulus with another.</span>
