Examlex
Which of the following is not appropriate in a structured interview?
Average Collection Period
The average number of days it takes for a company to receive payments owed by its customers for goods or services sold on credit.
Credit Sales
Credit sales are transactions where the buyer is allowed to pay for goods or services at a later date, extending credit.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered on credit.
Compensating Balance
A minimum balance that must be maintained in a bank account, often required by banks in return for loans or as part of a service agreement.
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