What Approximate Value Should a Firm Put on Being Able

question 83

Multiple Choice

What approximate value should a firm put on being able to permanently reduce the length of its collection period by one day if annual sales (all on credit) are $5,000,000 and the appropriate opportunity cost is 10 percent annually?

• A)$1,370
• B)$15,068
• C)$13,700
• D)$50,000

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Definitions:

Self-Directed Search

A self-administered, scored, and interpreted interest inventory that was created by Holland and uses his personality types.

Reliability

In statistics and psychometrics, reliability refers to the consistency of a measure or test over time or across different raters.

Validity

The degree to which a test accurately measures what it is intended to measure.

COPSystem

An assessment tool designed to aid in career guidance, integrating values, interests, and abilities.