The Danger in Writing New Laws to Correct Behavior Is

question 232

Multiple Choice

The danger in writing new laws to correct behavior is that:

• A)People may begin to think that any behavior that is legal is acceptable.
• B)People will see the difference between ethics and legality.
• C)Legal behavior will reflect the totality of people's relations with one another.
• D)There will not be enough jails to house those who break the law.

Compute the duration it takes for a company to pay its suppliers.

Determine the average collection period for accounts receivable.

Adjust and analyze the impact on the cash cycle due to operational changes.

Calculate the inventory period based on sales and cost of goods sold data.

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Definitions:

Equilibrium Rental Price

The rental price at which the quantity of a property demanded by renters equals the quantity of the property supplied by landlords.

Price of Output

The amount of money that a producer receives for selling one unit of a good or service.

Equilibrium Wage

The wage rate at which the quantity of labor supplied and the quantity of labor demanded are equal.

Price of Output

The amount of money charged for a product or service produced by a business or an economy.