FTP Stands for File Transfer Procedure

question 2

True/False

FTP stands for file transfer procedure .

Comprehend the legal and ethical responsibilities of corporate officers and directors, including fiduciary duties and liability issues.

Appreciate the concept of corporate governance and the mechanisms in place to support ethical decision-making within corporations.

Identify the options available to corporations for financing operations, including venture capital and securities issuance.

Understand the legal consequences for corporations and their principals for fraudulent activities and mismanagement.

---

Definitions:

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure the availability of products while minimizing costs and storage space.

Stock-Out

A situation where inventory is exhausted and unavailable for sale or use, often leading to lost sales or production delays.

Collection Period

The average number of days it takes a company to collect payments owed by its customers for sales made on credit.

Credit Sales

Transactions where goods or services are provided to a customer with the agreement that payment will be made at a future date.