All Divisions of Ethics Concern Both Values and Obligations

question 15

True/False

All divisions of ethics concern both values and obligations. These two topics are similar in that they both concern things that we care about-things that we can favor or oppose.

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Definitions:

Accounts Payable Period

The average amount of time it takes for a business to pay off its suppliers and creditors for purchases made on credit.

Cash Cycle

The time period between the outlay of cash for the production process and the collection of cash from customers.

Fixed Asset Requirements

The necessary investments in long-term assets like property, plant, and equipment that a business needs to carry out its operations.

Return On Assets

A financial ratio indicating how profitable a company is relative to its total assets, calculated by dividing net income by total assets.