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A Cultural Rule of Behavior That Prescribes What Is Acceptable

question 13

Multiple Choice

A cultural rule of behavior that prescribes what is acceptable or unacceptable in a given situation is called a _____.


Definitions:

Average Sale Period

The average amount of time it takes for a company to convert its inventory into sales.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell the goods, and receive cash from sales.

Average Sale Period

The average time it takes for a company to convert its inventory into sales.

Times Interest Earned

An indicator of how well a business can fulfill its debt repayments by evaluating its earnings prior to interest and taxes against its interest expenditures.

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