Michael Jackson,Inc

question 12

Multiple Choice

Michael Jackson,Inc.currently has an operating cycle of 154 days and a cash cycle of 38 days.The firm is implementing some changes that will reduce the inventory period by 16 days and decrease the receivables period by 4 days on average.The accounts payable period will be decreased by 4 days.How many days will be in the new cash cycle once all of these changes become effective?

• A)15 days
• B)16 days
• C)22 days
• D)55 days
• E)61 days

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Definitions:

Sensory Memory

The capacity to hold sensory information impressions briefly after the initial stimuli are gone, representing the most fleeting aspect of memory.

Proactive Interference

The phenomenon where old memories hinder the recall of newly acquired information.

Sensory Memory

The shortest-term element of memory, which allows retention of impressions of sensory information after the original stimulus has ceased.

Chunking

A memory strategy that involves grouping or organizing bits of information into larger units, which are easier to remember.