A Key Feature of Many Companies That Have ________ Is

question 71

Multiple Choice

A key feature of many companies that have ________ is the use of rolling forecasts,which are created every few months.

• A) restricted employee participation
• B) established benchmarks
• C) increased turnover rates
• D) rejected budgets

---

Definitions:

Journalize Transactions

The process of recording financial transactions in the journal as part of the accounting cycle.

Accounts Receivable Turnover

A financial ratio that measures how many times a company can turn its accounts receivable into cash during a period.

Days' Sales in Receivables

A financial metric that calculates the average number of days it takes a company to collect payment after a sale has been made.

Dishonored Note

A promissory note that has not been paid by the maker at its maturity date.