Match the Term with Its Definition

question 50

Multiple Choice

Match the term with its definition.
-The management of current assets and current liabilities

• 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

---

Definitions:

Express Warranty

A written or spoken promise from a seller to a buyer about the quality or condition of a product, offering assurance that it meets certain standards.

Market Figures

Statistical data related to the financial markets, including prices, volumes, and interest rates.

Product Specifications

Detailed descriptions of a product’s characteristics, functions, or features.

Breach Of Warranty

The violation of a promise about a product's condition, quality, or performance.