The Demand by "Developed" Countries for Such Items as Coffee,tea,chocolate,bananas,and

question 85

Multiple Choice

The demand by "developed" countries for such items as coffee,tea,chocolate,bananas,and beef has led to:

• A)pushing subsistence farmers off their land to make way for huge farms and ranches that specialize in cash crops.
• B)an increase in food supplies in "underdeveloped" nations.
• C)a return of urban workers to the land where work is now available for them.
• D)a decrease in the use of pesticides,herbicides,and artificial fertilizers.
• E)a narrowing of the economic gap between rich and poor in world society today.

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Definitions:

Accounts Receivable Turnover

A financial metric indicating how many times a business collects its average accounts receivable during a period, reflecting credit sales efficiency.

Average Collection Period

The average number of days it takes for a company to receive payment from its customers for invoices issued.

Inventory Turnover

A measure of how often a company sells and replaces its stock of goods within a certain period.

Average Sale Period

The average amount of time it takes for a company to convert its inventory into sales.