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.

---

Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a business's operating cycle, whichever is longer.

Current Liabilities

Obligations or debts due for payment within one year.

Current Ratio

A financial ratio indicating how well a company can settle short-term debts with its available assets.

Total Assets

The total of all properties a company owns, encompassing both short-term and long-term assets.