Match the Most Relevant Term with Each Definition

question 105

Multiple Choice

Match the most relevant term with each definition.
-A result applies beyond the context of the current study

• A)Reliable
• B)Valid
• C)Generalizable
• D)Measurement error
• E)Aggregation
• F)Precision

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Definitions:

Average Collection Period

The average collection period is the average number of days it takes for a business to receive payments owed by its customers for sales made on credit.

Accounts Receivable

Funds that are owed to a company by its customers for products or services provided on credit.

Note Receivable

A written promise that one party will receive a certain amount of money from another party at a future date, categorized as an asset.

Honoured

In financial terms, referred to a cheque or payment that has been accepted and processed by the bank.