The basic agreement between a business and its society that defines the broad duties of the business that are needed to retain the support of society is called a(n) _______.

Fill in the blank(s) with the appropriate word(s).

Ans: social contract

Business

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When land is purchased and an old building thereon is demolished, the total purchase price plus the demolition cost is the total capitalized value of the land

Indicate whether the statement is true or false.

Business

An investment in a common enterprise subject to the securities law includes those where each investor owns a specific part of the organization being financed, such as a construction partnership

a. True b. False Indicate whether the statement is true or false

Business