Intense Adherence to Routines or Excessive Resistance to Change Could

question 47

Multiple Choice

Intense adherence to routines or excessive resistance to change could refer to an individual who

• A) does not like the furniture to be arranged in the same manner for extended time periods.
• B) pays attention to the exact route they take when driving to school.
• C) likes to try different clothing ensembles.
• D) hates to carry change and prefers dollar bills.

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Definitions:

Collection Period

A financial metric that indicates the average number of days it takes a company to collect payments from its credit sales, essentially a detailed aspect of collection time with focus on receivables.

Accounts Receivable Balance

The accounts receivable balance is the total amount owed to a company by its customers for goods or services delivered on credit but not yet paid for.

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used for general purposes including statutory reporting and personal timekeeping.

Sales Estimate

An approximate calculation or judgment of the amount of sales a company expects to achieve in a specific period.