Match the Term with Its Definition

question 40

Multiple Choice

Match the term with its definition.
-Individuals or groups who either can affect or are affected by the performance of the company

• A)code of ethics
• B)environmentalism
• C)ethical imperialism
• D)ethical relativism
• E)integrity
• F)intellectual property
• G)social responsibilities
• H)skimming
• I)stakeholders
• J)sustainable small business
• K)underlying values

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Definitions:

Industry Average

A benchmark or standard calculated by taking the average of a specific metric across multiple companies within the same industry, useful for comparative analysis.

Adjusting Entry

An accounting record made to update the balances of accounts at the end of an accounting period before the preparation of financial statements.

Sales

Transactions involving the transfer of goods or services from a seller to a buyer in exchange for money or other considerations.

Days' Sales in Receivable

A financial metric that calculates the average number of days it takes for a company to collect payments after a sale has been made.