The Old Native American Saying,"before You Act,consider the Consequences on the Next

question 7

Multiple Choice

The old Native American saying,"before you act,consider the consequences on the next seven generations," represents what kind of thinking?

• A) Ecocentrism
• B) Utilitarianism
• C) Anthropocentric
• D) Relativistic

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Definitions:

Profit Margin

A profitability ratio calculated by dividing net income by revenue, expressing the percentage of revenue that translates into net income.

Collection Policy

The procedures and guidelines used by a company to manage and collect accounts receivable.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Salaries Payable

An account representing the amounts owed to employees for work performed but not yet paid.