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Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
The BBC article reflects upon our psychological relationship with physical money. There are so many emotions tied to finance, most of which are quite different with cash than digital currency.
This meaning is different to the original usage because, from an accountancy perspective, there is no significant distinction between cash held in a bank and physical currency. The original usage suggests the superiority of liquid assets over fixed assets, but in this repurposed usage, the distinction made is between physical currency and cash ...
The function of developing and implementing business ethics in an organization is difficult. Due to each organization's culture and atmosphere being different, there is no clear or specific way to implement a code of ethics in an existing business. Business ethics implementation can be categorized into two groups; formal and informal measures.
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Cashless payments eliminate several risks, including counterfeit money (though stolen cards are still a risk), theft of cash by employees, miscounting of change, and burglary or robbery of cash. [21] The costs of physical security, physically processing cash (withdrawing from the bank, transporting, counting) are also reduced once a business ...
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Physical capital represents in economics one of the three primary factors of production. Physical capital is the apparatus used to produce a good and services. Physical capital represents the tangible man-made goods that help and support the production. Inventory, cash, equipment or real estate are all examples of physical capital.