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Which of the following was listed by the Centers for Disease Control and Prevention (CDC) as one of the 10 greatest public health accomplishments of the twentieth century?
Inventory
The total amount of goods or materials held in stock by a business, intended for sale or production.
Average Collection Period
The average amount of time it takes for a business to receive payments owed by its customers for credit sales.
Sales on Account
Transactions where goods or services are sold and payment is deferred to a future date, typically recorded as accounts receivable.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered or used but not yet paid for.
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