The Process of Making Something Less Complex or Less Difficult

question 26

Multiple Choice

The process of making something less complex or less difficult is called:

• A)standardization
• B) simplification
• C) specialization
• D)any of the above
• E)none of the above

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Definitions:

Days' Sales in Receivables

A financial metric that measures the average number of days it takes for a company to collect payments from its credit sales.

Aging the Receivables

The process of categorizing accounts receivable according to the length of time an invoice has been outstanding.

Due Date

The specified date by which a payment, assignment, or task is required to be completed or submitted.

Age Groupings

Classification of data or people into groups based on their age.