Today,more and More Electronic Business Communication Is Replacing Face-To- Face

question 33

True/False

Today,more and more electronic business communication is replacing face-to- face communication.

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Definitions:

Dishonoured

Pertains to a financial instrument, like a check or promissory note, that is not paid upon presentation due to insufficient funds or any other reason for non-payment.

Receivables Turnover Ratio

A financial metric that measures how effectively a company collects on its outstanding accounts receivable in a given period.

Liquidity

The ability of an asset to be converted into cash quickly without significant loss of value, indicating a company's capacity to meet its short-term obligations.

Receivables Turnover Ratio

A measure of how efficiently a company collects cash from its credit sales, calculated by dividing net credit sales by average accounts receivable.