Which of the Following Is Not Correct for a Firm

question 29

Multiple Choice

Which of the following is not correct for a firm with seasonal sales and customers who all pay promptly at the end of 30 days?

• A) DSO will vary from month to month.
• B) The quarterly uncollected balances schedule will be the same in each quarter.
• C) The level of accounts receivable will be constant from month to month.
• D) The ratio of accounts receivable to sales will vary from month to month.
• E) The level of accounts receivable at the end of each quarter will be the same.

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Definitions:

Staffing Requirements

Staffing requirements refer to the specific qualifications, skills, and number of employees needed to fulfill the operational needs of an organization.

Direct Service Requirements

Essential tasks or services that must be provided directly to fulfill certain goals or meet specific needs.

Iron Triangle

A term in political science that describes the policy-making relationship among the congressional committees, the bureaucracy (government agencies), and interest groups, highlighting a closed, mutually supportive system that can be hard to penetrate or influence from the outside.

Civil Servants

Employees of the government who are appointed or hired to implement public policy and provide services to the public.