If a Firm Takes Actions That Reduce Its Days Sales

question 116

True/False

If a firm takes actions that reduce its days sales outstanding (DSO), then, other things held constant, this will lengthen its cash conversion cycle (CCC).

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Definitions:

Mundane Events

Ordinary or everyday occurrences that are not unusual or exciting.

Internet

A global network of computers and servers that facilitates the exchange of data, communication, and access to information.

Social Pressures

The influence that is exerted on individuals or groups by others within the same society or community, often encouraging conformity.

Blame Themselves

The act of holding oneself responsible for a particular outcome or situation.