If a Firm Has a Large Percentage of Accounts Over

question 89

True/False

If a firm has a large percentage of accounts over 30 days old, this is proof positive that its receivables manager is not doing a good job.

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Definitions:

Work Cells

An arrangement of resources in a manufacturing environment where all necessary equipment and labor are positioned in a compact layout to facilitate efficient production.

Equipment Use

Refers to the deployment and application of tools, machinery, and technology in performing tasks or in the production process.

Product Layouts

The arrangement of machinery, equipment, and staff within a production facility to efficiently create a product or service.