Your Average Customer Is Located 4

question 58

Multiple Choice

Your average customer is located 4.3 mailing days away from your firm.You have determined that,on average,it is taking your staff 1.5 days to process payments received from customers.In addition,it takes an average of 2.8 days for your funds to be available for use once you have made your bank deposit.What is your firm's collection time?

• A)2.2 days
• B)3.7 days
• C)4.3 days
• D)5.8 days
• E)8.6 days

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation while practicing relaxation techniques.

Fear of Public Speaking

A common form of anxiety where an individual feels an intense fear of performing or speaking in front of an audience.

Aversive Conditioning

A behavioral training process that uses negative stimuli to reduce the occurrence of certain undesirable behaviors.

Smoking

The act of inhaling and exhaling the smoke of tobacco or a drug, which can lead to health issues and addiction.