During the Year the Following Changes Were Observed

question 75

Multiple Choice

During the year the following changes were observed. I.Inventory period increased by 12 days.
II) Receivables period decreased by 6 days.
III) Accounts payable period increased by 4 days.
Find the net change in cash conversion cycle.

• A) -10 days
• B) +2 days
• C) +10 days
• D) +14 days

Understand market-share liability and its relevance in product liability suits.

Grasp the concept of due care in the context of product liability and its implications for manufacturers and sellers.

Understand the concept of product liability and distinguish between different types of product defects.

Identify the defenses available in product liability cases.

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Definitions:

Component

An individual part of a larger system, machine, or piece of equipment that contributes to its function.

Unit Sales

The measure of the total quantity of a product sold, often used as a metric for tracking the performance of consumer goods.

Revenue

The total income generated from normal business operations and other activities over a specific period of time.

Items Sold

The total quantity of products or services sold by a business within a specific period.