C. associations of caravan merchants
The Indo-European language is thought to have originated around Azerbaijan and Iran. The Indo-European language is thought to have originated around Azerbaijan and Iran.
Every cooperative board of directors is charged with both protecting and utilizing the resources of the cooperative for its members. This simply stated prime directive is far from a simple task.
Balancing the needs of the member with the needs of the cooperative’s balance sheet is a tricky proposition at best. Establishing margins to cover actual costs along with additional net savings that will allow for future growth of services can be difficult, but past performance – together with reasonable expectations and realistic optimism – should drive financial projections.
With the help of the cooperative’s management, boards develop and approve business plans that will meet the organization’s goals. Most planning cycles are conducted annually, creating a budget that anticipates surpluses. New projects offering better services or products are financed along with long-term financing, either with new injections of capital or long-term borrowings. Unrealistic long-term financing projections can seriously interrupt the monthly and daily operations of a cooperative, therefore, understanding how current assets and liability affect the cash to cash cycle is a critical piece of knowledge that any board member needs. Current assets consist of cash, inventories and accounts receivable. Current liabilities include accounts payable for goods and services and the current portion of long or immediate term debt.
There are a lot of ethics used in business. <u>Business </u>Ethics is known as the use of ethics and ethical principles to solve business dilemmas.
<h3>What is Ethics?</h3>
- This is simply known as the study and practice of decisions that are used to known what is good or not.
Ethical Dilemma are regarded as a kind of problem that is about what a firm should do for which they are not clear. Business ethics are often employed in business in the day to day running of it.
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