A General Rule to Use in Assessing the Average Collection

question 59

Multiple Choice

A general rule to use in assessing the average collection period is that it

• A) should not exceed 30 days.
• B) can be any length as long as the customer continues to buy merchandise.
• C) should not greatly exceed the return period.
• D) should not greatly exceed the credit term period.

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The feeling of being in control and able to influence others or outcomes.

Competition

The rivalry among businesses or individuals for resources, customers, or market dominance.

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Considered essential for the survival, success, and health of an organization, often relating to key resources or strategic capabilities.

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A method involving imagination and innovation to find solutions to complex issues.