Chou's Mother Had a Terrible Day at Work and When

question 83

Multiple Choice

Chou's mother had a terrible day at work and when she got home,snapped at him because he had not finished his homework.This illustrates the impact of the

• A)chronosystem.
• B)exosystem.
• C)macrosystem.
• D)mesosystem.

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Definitions:

Net 60

A payment term indicating that payment is due 60 days after the invoice date.

Lock Box System

A banking service provided to companies for speeding up collection of payments by having those payments sent directly to a bank's PO box, rather than to the company.

Clearing Time

The period between the initiation of a transaction and its settlement, during which the transaction is processed and validated.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency of the business.