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Which of the following is not a leading actor in labor markets?
Credit Standards
The criteria and measures used by lenders to determine the creditworthiness of potential borrowers.
Bad-Debt Losses
Financial losses that occur when borrowers fail to pay back their loans.
Average Collection Period
The average number of days it takes for a business to receive payments owed by its customers.
Average Collection Period (ACP)
A financial ratio that measures how long it takes to collect on credit sales. Also called days sales outstanding (DSO).
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