Examlex
The cash conversion cycle (CCC) combines three factors-the inventory conversion period, the receivables collection period, and the payables deferral period-and its purpose is to show how long a firm must finance its operating working capital. Other things held constant, the shorter the CCC, the more effective the firm's working capital management.
Looking-Glass Self
A concept in sociology suggesting that an individual's self-image is shaped by how others perceive them, acting as a reflective social mirror.
Abstract Moral Stage
A theoretical phase in moral development characterized by an understanding of ethical principles that transcend personal interests or societal conventions.
Ego Control
A psychological concept referring to an individual's ability to regulate their impulses, emotions, and behaviors in accordance with societal norms.
Emotional Underdevelopment
Refers to a lack of emotional maturity, characterized by an inability to manage emotions or maintain healthy emotional relationships.
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