The Three Characteristics of Evolving Sustainable Business Practices Are

question 10

Multiple Choice

The three characteristics of evolving sustainable business practices are:

• A) local, global, and improving quality of life.
• B) environmental sustainability, quality of life sustainability, and triple bottom-line accounting.
• C) limits, interdependence, and equity.
• D) being green, centering on the customer's needs, and demonstrating simple kindness.

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Definitions:

Accounts Payable Turnover

A financial ratio that measures the rate at which a company pays off its suppliers by comparing net purchases to average accounts payable during a period.

Accounts Receivable Period

The Accounts Receivable Period is the average number of days it takes for a business to receive payments from its customers for goods or services sold on credit.

Accounts Receivable

Receivables from customers for goods or services provided but not yet compensated.

Effective Annual Interest Rate

The interest rate on a loan or financial product restated from the nominal rate as an annual rate that reflects compounding over a given period.