The Mission of the National Performance Review Was to

question 10

Multiple Choice

The mission of the National Performance Review was to

• A)reorganize the federal bureaucracy to make it more efficient, more accountable, and less wasteful.
• B)review each administrative agency every four years to determine whether it is necessary.
• C)analyze the job performance of federal employees.
• D)make recommendations to Congress on government reforms.

---

Definitions:

Receivables Turnover Ratio

An accounting measure utilized to quantify a firm's effectiveness in extending credit and collecting debts on that credit.

Bad Debt Expense

The cost recognized by businesses for accounts receivable that are not expected to be collected.

Inventory Account

An account used to track the value of a company's inventory, including raw materials, work-in-progress, and finished goods.

Average Collection Period

The average amount of time it takes for a company to receive payments owed by its customers.