Compared to the Average Company, Firms with Strong Ethical Climates

question 25

Multiple Choice

Compared to the average company, firms with strong ethical climates tend to

• A)employ more business development consultants.
• B)offer more goods and services.
• C)be more socially responsible.
• D)invest more in sales training software.
• E)have higher turnover.

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Definitions:

Financial Instrument

An agreement resulting in a financial asset for one party and a financial obligation or equity security for another.

Receivables Recognition Irregularities

Irregularities or anomalies in recognizing receivables that may involve premature or improper revenue recognition, affecting the financial statements' accuracy.

Changes in Receivables

This refers to the variations in the amounts owed to a company by its customers over a specific period.

Sales Growth

The increase in sales over a specific period of time, often used as a measure of company performance.