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Lynne McFall | Integrity
McFall starts with definitions of coherence and incoherence, the latter leading directly to loss of integrity when personal principles do not align with one's actions or motivations. She discusses the requirements for an agent to act with integrity, distinguishing between defeasible and identity-conferring commitments, the latter providing our most fundamental core values.
-Integrity, according to McFall, is the state of being
Corporate Income Tax
A tax imposed on the net income or profit of corporations, calculated as a percentage of their earnings.
Working Capital
The gap between a business's present assets versus its current debts, showcasing the liquid funds for operational needs.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets, calculated as current assets divided by current liabilities.
Acid-Test Ratio
An economic indicator assessing the capability of a business to fulfill its immediate liabilities using its most liquid assets, without counting inventory.
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