All of the Following Statements Are true Regarding the Average

question 163

Multiple Choice

All of the following statements are true regarding the average collection period except:

• A)it is a popular variant of the accounts receivable turnover.
• B)it is used to assess the effectiveness of a company's credit and collection policies.
• C)it should generally exceed the credit term period.
• D)its increase may suggest a decline in the financial health of customers.

---

Definitions:

Cutaneous Stimulation

Stimulation applied to the skin surface to affect sensory nerves, often for therapeutic purposes, such as pain relief.

TENS Unit

A device that delivers small electrical impulses through electrodes on the skin to help relieve pain.

Chronic Back Pain

Persistent or recurrent spine discomfort, typically lasting more than three months, affecting daily activities.

Quality Of Life

A measure of an individual's overall wellbeing, including health, comfort, and happiness.