What is a set of rules and procedures usually intended to regulate some aspect of society?

a. Law
b. Canon
c. Bylaw
d. Precedent

a

Business

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Acid-test ratio

What will be an ideal response?

Business

Which statement below defines accounting?

a) It identifies, records, and communicates business transactions. b) It contains a record of all transactions that cannot be measured in monetary units. c) It is essential to help make business decisions. d) It is helpful in comparing the performance of one company against a competitor.

Business