What Is the Global Compact? What Are the 10 Principles

question 55

Essay

What is the Global Compact? What are the 10 principles outlined in it?

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Definitions:

Accounts Payable

Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or vendor.

Days' Payable Outstanding

A financial metric that measures how long it takes a company to pay its invoices from suppliers, reflecting on cash management practices.

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services purchased on credit.

Cost of Goods Sold

Represents the direct costs attributable to the production of goods sold by a company, including material and labor costs.