Enforcement Is Perhaps the Most Important Step in an Effective

question 80

True/False

Enforcement is perhaps the most important step in an effective code of ethics.

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Definitions:

Operating Cycle

The duration it takes for a company to purchase inventory, sell products or services, and collect cash from customers.

Collect Cash

The process of receiving cash in exchange for goods or services rendered, contributing to a company's cash inflows.

Pay Cash

The act of settling a transaction or purchasing goods and services by using physical currency or digital equivalents thereof.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by comparing current assets to current liabilities.