An Increase in the Average Payment Period Will Result In___________in

question 61

Multiple Choice

An increase in the average payment period will result in___________in the cash conversion cycle.

• A) an increase
• B) a decrease
• C) no change
• D) an undetermined change

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Definitions:

Promotion

An advancement to a higher-level job with increased authority, responsibility, and pay.

Price

The amount of money expected, required, or given in exchange for something else, typically goods or services.

Distribution

Making products available to customers in the quantities desired.