Improvements to Cash Management Include All of the Following EXCEPT

question 69

Multiple Choice

Improvements to cash management include all of the following EXCEPT a reduction in

• A) the average age of inventory.
• B) the cash conversion cycle.
• C) the cash turnover.
• D) the average collection period.

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Definitions:

Point Method

An evaluation system that assigns a numeric value to various factors of a job, such as skill level, effort, and responsibility, to determine pay scales and rank positions.

Designing

The process of creating a plan or convention for the construction of an object or a system, operationalizing visions into functional outputs.

Pitfalls

Hidden or not immediately obvious dangers or disadvantages, typically preventing success or effectiveness.

Pay Grades

A system of categorizing and paying employees based on their job title, experience, and responsibilities within an organization.