The Average Length of Time It Takes for a Retail

question 40

Multiple Choice

The average length of time it takes for a retail business to acquire inventory, sell it to its customers and collect the cash owing is called the:

• A) accounting cycle.
• B) operating cycle.
• C) inventory turnover.
• D) accounting period.

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Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from traumatic events or persistent failure to succeed.

Seligman's Theory

Pertains to the theory of learned helplessness initially and later the development of positive psychology, emphasizing strengths, well-being, and the factors that contribute to a fulfilling life.

Trust

A psychological state comprising the intention to accept vulnerability based upon positive expectations of the intentions or behavior of another.

Learned Helplessness

A condition in which an individual learns to feel powerless and stops trying to change or escape from a situation, believing that no actions will result in change, often arising from repeated failures or lack of control.