______ Methods Are Used When No Measurable,reliable,historic,or Statistical Data Are

question 26

Multiple Choice

______ methods are used when no measurable,reliable,historic,or statistical data are available and are primarily based on intuition,judgment,or informed opinions of experts in the industry.

• A)Market research
• B)Qualitative
• C)Quantitative
• D)Causal

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Definitions:

Liquidity Position

A measure of a company or individual's ability to quickly convert assets into cash to meet financial obligations.

Efficiently

The ability to achieve a goal or perform a task with the least waste of time and effort; effectiveness and efficiency combined.

Average Payables Period

A financial metric that measures the average number of days a company takes to pay its suppliers; it is an indicator of the company's efficiency in managing its accounts payable.

Credit Term

The conditions under which credit will be extended to a borrower, including repayment time frame and interest rate.