During the Year the Following Changes Were Observed

question 103

Multiple Choice

During the year the following changes were observed. I. Inventory period increased by 12 days.
II) Receivables period decreased by 6 days.
III) Accounts payable period increased by 4 days.
What is the net change in the cash conversion cycle?

• A) -10 days
• B) +2 days
• C) +10 days
• D)+14 days

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Definitions:

Purposive-Rational Action

Action undertaken towards a specific goal and guided by rational consideration of the means to achieve it.

Jurgen Habermas

A German sociologist and philosopher in the tradition of critical theory and pragmatism, known for his theories on communicative rationality and the public sphere.

Consciousness

The condition of being conscious and capable of thinking about one's own being, feelings, ideas, environment, etc.

Critical Knowledge

Knowledge that challenges accepted norms and seeks to uncover the underlying power structures and biases in society.