Nicholas Would Like to Improve the Management of His Company's

question 22

Multiple Choice

Nicholas would like to improve the management of his company's accounts payable.One metric he might find useful is:

• A)days in credit.
• B)days in inventory.
• C)days in payables.
• D)days sales outstanding.

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Definitions:

Limited Partner

A limited partner is an investor in a partnership who is not involved in the day-to-day management and whose liability is limited to the amount of their investment.

Disclosed

Revealed or made known information, often in the context of legal or business proceedings.

General Partner

An owner of a partnership who has unlimited liability and is responsible for the management of the business.

Registered Partnership

A legally recognized form of partnership which is registered with the appropriate government authorities.