In Response to Big Spending by Lobbyists, Texas Voters in 1991

question 75

Multiple Choice

In response to big spending by lobbyists, Texas voters in 1991 approved a constitutional amendment to create the eight-member

• A) Texas Ethics Commission.
• B) Texas Rangers Association.
• C) Texas Governor's Association.
• D) Texas Common Cause.

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Definitions:

Sales Collection

The process of retrieving payment for goods or services provided, typically managed through invoicing and accounts receivable procedures.

Operating Cycle

The period between the acquisition of inventory and the collection of cash from receivables, indicating the efficiency of a company's operations.

Inventory Period

The duration of time goods remain in inventory before being sold.

Accounts Receivable Period

The accounts receivable period is the average time it takes for a business to receive payments owed by its customers for goods or services sold on credit.