Which One of These Changes Indicates an Improvement in a Firm's

question 82

Multiple Choice

Which one of these changes indicates an improvement in a firm's asset management efficiency?

• A) An increase in the amount of assets per dollar of sales
• B) An increase in the inventory turnover rate
• C) A decrease in the receivables turnover rate
• D) An increase in the average days in inventory

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Definitions:

Humility

The quality of having a modest or low view of one's importance; often considered a strength in personal and professional relationships.

Worthy Goal

An objective or aim that is valuable and significant, often motivating individuals or groups towards achievement.

Ossification of Systems

The process by which systems, such as organizations or policies, become rigid and unchangeable, losing the ability to adapt or evolve.

Culture of Change

An organizational atmosphere where change is embraced and encouraged, facilitating adaptability and innovation.