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Michael Davis | Professional Responsibility: Just Following the Rules?
Davis criticizes the view that professional responsibility goes beyond merely following the rules of one's code of ethics by necessarily involving certain character virtues. Rather, if a code of ethics is well-written, following these rules means that a professional is acting responsibly. He discusses seven different interpretations of "just following the rules": blind obedience, strict obedience, malicious obedience, negligent obedience, accidental obedience, stupid obedience, concluding with a positive discussion of interpretative obedience.
-The most common form of stupid obedience in professional ethics is
Accounts Receivable
The amount customers are required to pay a business for goods or services already received but not yet settled.
NSF
An abbreviation for "Non-Sufficient Funds," indicating that a cheque cannot be honored because the account does not have enough money.
Cash Management
The strategy and processes employed by a company to manage its cash flow effectively, ensuring liquidity and minimizing risk.
Inventory Levels
Refers to the quantity of goods available for sale and use by a business at any given time.
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