Critical Thinking Questions Case 6-1 Your Friend Jennifer Has a Lot

question 14

Multiple Choice

Critical Thinking Questions Case 6-1 Your friend Jennifer has a lot of experience with merging form letters and data sources, so when you have an important project to work on like this, she is the person to whom you turn with your questions. Your first hurdle to get over is the creation of the data source. You are at home after having a quick tutorial with Jennifer about mail merges and you are looking over your notes. In your haste to write down everything she said, you think you have written something down incorrectly. Which of the following statements is NOT true?

• A) For each field, you may be required to create a field name.
• B) Breaking a name into separate fields is important.
• C) No more than two field names may be the same.
• D) Fields may be listed in any order in the data source.

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Definitions:

Inventory Turnover

A measure that reveals the frequency at which a firm's stock is sold and replenished within a given timeframe, demonstrating the effectiveness of its inventory control.

Accounts Receivable Turnover

A financial ratio indicating how many times a company collects its average accounts receivable balance in a given period.

Year 2

Designates the second fiscal or calendar year in a sequence of years, crucial for tracking progress, budgets, and planning in various contexts.

Average Collection Period

The average amount of time it takes for a business to receive payments owed by its customers for goods or services sold on credit.