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Which of the following actions would be likely to shorten the cash conversion cycle?
Organizational Authority
The power vested in a role or roles within an organization to make decisions, direct tasks, and enforce rules.
Legitimate
Something that is legal, rightful, and in accordance with recognized or accepted standards or principles.
Coercive
Exerting or utilizing force, authority, or pressure in order to achieve compliance or control.
Legal Contract
A formal agreement between two or more parties, enforceable by law, outlining obligations and rights.
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