In the Middle East During the Interwar Period

question 30

Multiple Choice

In the Middle East during the interwar period,

• A) a massive oil discovery at Dhahran in 1938 moved Saudi Arabia from being an area of chronic poverty to one of unexpected national affluence.
• B) the achievement of the "Nile breakthrough" in electricity generation opened the possibility of almost cost-free electric power to much of the entire Middle East.
• C) the award of a mandate to the World Zionist Congress by the League of Nations constituted the first step in creating a Jewish state in the eastern Mediterranean.
• D) the Balfour Declaration was made null and void.
• E) Lawrence of Arabia was made the first king of Saudi Arabia.

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Definitions:

Accounts Receivable Turnover

A financial metric indicating how many times a business collects its average accounts receivable during a period, reflecting credit sales efficiency.

Average Collection Period

The average number of days it takes for a company to receive payment from its customers for invoices issued.

Inventory Turnover

A measure of how often a company sells and replaces its stock of goods within a certain period.

Average Sale Period

The average amount of time it takes for a company to convert its inventory into sales.