To Be Effective, an Organization's Code of Ethics Should Be

question 18

True/False

To be effective, an organization's code of ethics should be kept in-house and not communicated to outsiders such as suppliers, subcontractors, and customers.

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Definitions:

Present Value

The valuation in today's terms of a prospective future sum of money or cash inflows, utilizing a particular return rate.

Initial Cost

The initial expenditure required to acquire an asset or to start a project, incorporating all necessary expenses to bring it to a usable state.

Net Present Value

This signifies the net difference in present value terms of cash received versus cash paid out over an outlined time interval.

Internal Rate of Return

The discount rate at which the net present value of all cash flows (both positive and negative) from a project or investment equals zero.