A Company's Number of Days to Collect Is Higher Than

question 83

Multiple Choice

A company's number of days to collect is higher than the length of credit period.Analysts might conclude:

• A) customers are dissatisfied with the product or service they bought.
• B) the company is effectively managing its receivables.
• C) the company's payment terms have been relaxed and customers are taking advantage of those new terms.
• D) the company's payment terms have been tightened and customers are paying within the payment period granted.

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Definitions:

Organizational Legal Counsel

Legal professionals or lawyers who provide advice, guidance, and representation to an organization on legal matters.

Job Descriptions

Detailed explanations of the responsibilities, duties, qualifications, and reporting relationships of a particular job.

Organizational Rating Forms

Tools or documents used to assess the performance, skills, or qualifications of individuals within an organization.

Performance Appraisals

The evaluation process through which an employee’s job performance is assessed, typically by their superior, against predefined criteria.