The Costs Associated with Changing from One Provider to Another

question 17

Multiple Choice

The costs associated with changing from one provider to another are referred to as _____ costs.

• A)performance
• B)economic
• C)selection
• D)switching
• E)financial

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Definitions:

Temporary Excess Cash

Surplus cash not required for immediate operational or investment needs, often invested in short-term securities.

Invest

The act of allocating resources, usually money, in order to generate an income or profit.

Additional Staff

The employment of extra personnel beyond the current number to meet increased demands or to fulfill specific roles within an organization.

Total Collection Time

The total period it takes for a business to convert its accounts receivable into cash.