It Takes Your Firm 4

question 33

Multiple Choice

It takes your firm 4.5 days to prepare and mail out all the monthly statements to your customers.On average,the mail time between your firm and your customers is 2.6 days.Customer checks take an average of 1.8 days to clear the bank.You have determined that your total average collection time is 6.1 days.How long,on average,does it take your firm to process the payments from customers?

• A)1.7 days
• B)2.6 days
• C)4.4 days
• D)4.8 days
• E)6.2 days

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Definitions:

Defense Mechanism

Psychological strategies unconsciously used by individuals to protect themselves from anxiety and confrontations with unpleasant aspects of reality.

Minority Worker

An employee who belongs to a racial, ethnic, or cultural minority within the broader workforce.

Pleasure Principle

A concept in psychoanalytic theory suggesting that individuals seek pleasure and avoid pain in order to satisfy biological and psychological needs.

Reality Principle

A concept in psychoanalytic theory referring to the ability of the mind to assess the external world and act upon it accordingly, often in contrast to the pleasure principle.