Match the Term with Its Definition

question 27

Multiple Choice

Match the term with its definition.
-The time required to convert paid-for inventory and accounts receivable into cash

• 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:

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Wave Elections

Electoral cycles in which the winning party achieves significant gains across various levels of government, often reflecting broader public sentiment or reaction to major issues.

Dissatisfaction

The feeling of being unhappy or not pleased with a situation or outcome, often leading to a desire for change or improvement.

Temporary Effects

Short-term impacts or outcomes that are not expected to last over a long period.