The Primary Difference Between Internal Failures and External Failures Is

question 56

True/False

The primary difference between internal failures and external failures is time and place of discovery of the failure.

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Definitions:

Credit Sales

Sales made by a business where the payment is delayed as per an agreement between the buyer and the seller.

Current Ratio

A ratio indicating the capability of a company to cover its obligations that are due in less than one year, calculated through the division of its current assets by its current liabilities.