Match the Term with Its Definition

question 64

Multiple Choice

Match the term with its definition.
-The number of days, on average, that a firm extends credit to its customers

• A)cash conversion period
• B)days in inventory
• C)days in payables
• D)days sales outstanding (average collection period)
• E)lock box
• F)working capital cycle
• G)working capital management

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Definitions:

Paralegals

Individuals trained in legal matters who work under the supervision of attorneys to support them with various legal tasks but are not licensed to practice law.

Dissolved

The process of formally ending or terminating a legal entity or contractual relationship, often involving the distribution of assets.

Sole Proprietor

An individual who owns and operates a business alone, without forming a corporation or a partnership.

Automatically

Occurring or operating without explicit intervention, as in processes designed to happen without human initiation.