Core Competencies Are Considered Essential Skills Needed by Therapists

question 50

True/False

Core competencies are considered essential skills needed by therapists.

---

Definitions:

Collection Delay

The time lag between issuing an invoice and receiving payment, impacting cash flow and liquidity.

Average Amount

A calculated central value of a set of numbers which is typically determined by dividing the sum of the values in the set by their number.

Average Daily Receipts

The average amount of cash flow received by a company on a daily basis.

Clearing Times

The period it takes for funds to be transferred from one account to another and become available for use.