What Term Refers to the Identification of an Ethical Issue

question 81

Multiple Choice

What term refers to the identification of an ethical issue?

• A) ethical awareness
• B) virtue ethics
• C) ethical intelligence
• D) ethical morality

Differentiate between ordinary (360-day year) and exact interest (365-day year) calculations.

Apply mathematical skills to compute both ordinary and exact interest.

Master the skill of rounding numbers to the nearest cent in financial calculations.

Utilize shortcut methods for interest calculation by rounding principals.

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Definitions:

Credit Policy

A set of guidelines a company follows to determine credit terms for customers, including who is granted credit and the terms of payment.

Credit Sales

Transactions where goods or services are sold to a customer with the agreement that payment will be made at a later date.

Zero Balance Accounts

Bank accounts that maintain a balance of zero by automatically transferring funds to cover charges or replenishing from another account.

Concentration Banking

Employing one bank to manage the balances in remote accounts. Balances are generally swept into the concentration bank daily.