________ Refers to the Total Number of Deaths for Every

question 20

Multiple Choice

________ refers to the total number of deaths for every 1,000 people.

• A)Crude death rate
• B)Life expectancy
• C)Rate of natural increase
• D)Relative death rate

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Definitions:

Operating Cycle

The period of time it takes for a business to purchase inventory, sell products or services, and collect cash from these sales.

Standards

Established norms or requirements that are used as a basis for comparison or compliance.

Credit

A form of financial arrangement where a borrower receives something of value now and agrees to repay the lender at a later date, typically with interest.

Accounts Receivable Period

Also known as the average collection period, it refers to the average number of days it takes a company to collect payments from its credit sales.