In the Specific Factors Model, Labor Is Defined as A(an)

question 43

Multiple Choice

In the specific factors model, labor is defined as a(an)

• A) intensive factor.
• B) mobile factor.
• C) variable factor.
• D) fixed factor.
• E) specific factor.

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Definitions:

Accounts Payable Period

The average duration a company takes to pay off its suppliers and creditors, usually measured in days.

Accounts Receivable Period

The mean duration required by a company to receive payments from clients following a sale transaction.

Payables Period

The average time it takes for a company to pay its invoices from suppliers, indicating the company's payment habits and cash flow management.

Credit Sales

Credit sales are transactions where the customer purchases goods or services on credit, agreeing to pay the supplier at a later date.