Examlex
Which of the following is NOT a key element of strong ethical programs?
Interest-bearing Asset
A type of investment that earns interest over time, such as savings accounts, certificates of deposit, and bonds.
Default Risk
The risk that a borrower will not make the required payments on a debt.
Trade Credit
An arrangement where a buyer can purchase goods on account without paying cash upfront, with payment to the seller due at a later date.
Inventory Obsolescence
Refers to the reduction in the value of inventory items due to them becoming outdated, no longer useful, or unsalable.
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