Which One of the Following Terms Refers to the Length

question 110

Multiple Choice

Which one of the following terms refers to the length of time a firm grants its customers to pay for their purchases?

• A)Lockbox period
• B)Discount period
• C)Credit period
• D)Cash cycle
• E)Receivables turnover period

---

Definitions:

Desirable

An attribute or quality that makes something preferred or pleasing to individuals or groups.

Optimal Solutions

The most favorable or desirable solutions among all feasible solutions in a problem-solving or decision-making process.

Ethical Dilemmas

Situations in which a person faces conflicting moral principles, making it challenging to decide the right course of action.

Stakeholders

The groups of people affected by a firm’s decisions.