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Which of the following is an INCORRECT statement regarding law and ethics? A . Businesses organized in the United States are not subject to the

Which of the following is an INCORRECT statement regarding law and ethics?

.

Businesses organized in the United States are not subject to the laws of other countries in which they operate.

.

Ethics demands more than the minimum degree of conduct expected by persons and businesses in society.

.

Most laws are based on ethical standards.

.

The law establishes a minimum degree of conduct expected by persons and businesses in society.

.

Not all ethical standards have been enacted as law.

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