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Machines and People That Work _____ Have Lower Efficiency Than

question 14

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Machines and people that work _____ have lower efficiency than those that have a _____ productive output.


Definitions:

Inventory Period

The average time it takes for a company to sell its inventory and convert it into sales.

Payables Period

The average amount of time it takes for a business to pay its invoices and bills to suppliers.

Payables Period

The average period of time it takes for a business to pay off its debts to suppliers.

Credit Sales

Sales transactions where the payment is deferred, allowing the buyer to pay at a later date.

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