Examlex
The cash conversion cycle (CCC) combines three factors-the inventory conversion period, the receivables collection period, and the payables deferral period-and its purpose is to show how long a firm must finance its operating working capital. Other things held constant, the shorter the CCC, the more effective the firm's working capital management.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.
World Hunger
The global situation characterized by the inability of a significant portion of the world's population to access sufficient food for a healthy and active life.
Planning Fallacy
The tendency to underestimate how much time or resources are needed to complete a task, leading to overly optimistic predictions about the future.
Kitchen Remodeling
The process of renovating or redesigning the layout, appearance, and functionality of a kitchen.
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