Which of These Indicates That a Firm Is Efficient

question 64

Multiple Choice

Which of these indicates that a firm is efficient?

• A)a high average collection period.
• B)a high day's sales in inventories.
• C)a low asset turnover.
• D)a high inventory turnover.

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Definitions:

Low-Grade Fever

A mild elevation in body temperature above the normal range, often indicative of an underlying infection or inflammation.

Surgical Unit

A specialized hospital department where surgical operations are carried out.

Framingham Study

A long-term, ongoing cardiovascular cohort study on residents of Framingham, Massachusetts, which has contributed significantly to knowledge about heart disease.

Commonly Accepted Practice

A method or procedure that is widely regarded as standard or conventional in a particular field or industry.