If a Firm's Average Collection Period Is 42 Days, and This

question 113

Essay

If a firm's average collection period is 42 days, and this compares favourably to the industry average, what questions may you want to ask before assuming that the firm is "efficient?"

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Definitions:

Crisis Management

The process by which an organization deals with a disruptive and unexpected event that threatens to harm the entity or its stakeholders.

Social Media

Platforms and technologies that enable users to create, share content, and participate in social networking.

Organizational Crisis

A critical event or turning point that threatens an organization’s health and survival, requiring urgent and effective response.

External Threats

External threats are potential harms originating from outside an organization that could negatively impact its operations or assets, including cyber attacks, market competition, and regulatory changes.