An Increase in the Receivables Turnover Means That

question 327

Multiple Choice

An increase in the receivables turnover means that:

• A) The majority of customers are paying slower.
• B) The prices of items purchased are rising.
• C) The days' sales in receivables are rising.
• D) Profit margins are rising.
• E) Customers are paying their bills faster.

---

Definitions:

Flexible Manufacturing System

A system that allows for the easy adaptation of the production equipment and processes to manufacture different types of products or change production volumes in response to market demands.

Benefits

Advantages or positive outcomes resulting from actions, activities, or participation in certain programs or initiatives.

Flexibility

Flexibility refers to the ability to adapt or adjust to new conditions, changes, or challenges without significant impact on functionality or outcomes.

Operations Managers

Professionals responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services.