Corruption in Business

question 60

Multiple Choice

Corruption in business

• A) creates inefficiencies in an economy.
• B) inhibits growth in an economy.
• C) slows the rate of economic growth in a country.
• D) all of the above

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Definitions:

Year 2

The second year in a given time frame or series, often referring to fiscal or calendar years.

Operating Cycle

The average period of time it takes for a company to purchase inventory, sell products, and collect cash from customers.

Total Asset Turnover

A financial ratio that measures a company's ability to use its assets to generate sales, calculated by dividing sales or revenue by the total assets.

Year 2

The second year in a given time frame, often referring to the second year of a company's operation or the second year in a dataset.