Japan's Prescription for Dealing with Problems Associated with an Aging

question 84

Multiple Choice

Japan's prescription for dealing with problems associated with an aging society includes

• A) relying on large-scale immigration.
• B) providing incentives for its elderly to retire at ages 55 to 60.
• C) reversing the old-fashioned trend of keeping women at home.
• D) enacting laws against discrimination based on age.
• E) phasing in a shift from age 60 to age 55 as the date when a person may begin receiving a pension.

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Definitions:

Days' Sales Uncollected

Days' sales uncollected is a financial metric that estimates the average number of days it takes for a company to collect payments from its credit sales, reflecting on the efficiency of its credit and collection policies.

Receivables

Amounts owed to a company by its customers for goods or services provided on credit.

Internal Control

Strategies and systems put in place by an organization to maintain the reliability of its financial and accounting data, encourage responsible behavior, and deter deceitful practices.

Invoice Approval

The process of reviewing and verifying invoices from suppliers before payment is made, to ensure that the charges are correct and services or goods were received.