BP Has an Average Age of Inventory of 60 Days

question 131

Multiple Choice

BP has an average age of inventory of 60 days, an average collection period of 45 days, and an average payment period of 30 days.Based on this information, BPs cash conversion cycle is ________ days.

• A)55
• B)65
• C)75
• D)85
• E)none of the above

Appreciate the importance of a clear and concise mission statement for guiding organizational behavior.

Understand the role of environmental analysis in identifying business strengths and weaknesses.

Acknowledge the role of green marketing and ethical considerations in contemporary business practices.

Understand the concept and importance of strategic planning in businesses.

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Definitions:

Acquired Aplastic Anemia

A condition where the body stops producing enough new blood cells due to damage to the bone marrow, often caused by exposure to chemicals, drugs, radiation, or certain diseases.

Congenital Defect

A physical or biochemical problem that is present at birth and may be caused by genetic factors or by prenatal events that are not genetic.

Iron Dextran

A medication used to treat iron deficiencies and anemia, administered intravenously or intramuscularly.

Iron-Deficiency Anemia

A form of anemia caused by a lack of sufficient iron to produce healthy red blood cells.