Identify a True Statement About Decision-Making Software

question 44

Multiple Choice

Identify a true statement about decision-making software.

• A) It eliminates a user's need to identify alternatives or provide information about his or her values and priorities.
• B) It complicates the process of decision making.
• C) It makes it easier for supervisors to organize their thoughts and gather information.
• D) It is designed to promote groupthink.

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers.

Net Credit Sales

The total value of sales made on credit minus returns and allowances, reflecting the actual credit sales revenue generated.

Accounts Receivable

Amounts owed to a company by customers for products or services that have been delivered but not yet paid for.

Average Collection Period

A financial metric that calculates the average number of days it takes for a company to receive payments from its customers.