If a Firm Has a Cash Cycle of 71 Days

question 108

Multiple Choice

If a firm has a cash cycle of 71 days and an operating cycle of 139 days, what is its average payment period?

• A) 210 days
• B) 68 days
• C) 53 days
• D) 41 days

Grasp behavior modification strategies and their application in organizational settings.

Recognize the characteristics and practices of transactional and transformational leaders.

Comprehend the contingency theory of leadership and its implications for matching leadership styles to specific situations.

Identify the components and significance of servant leadership.

---

Definitions:

Total Demand

The complete quantity of a good or service that consumers are willing and able to purchase at a certain price level across the market.

Nonunionized

Workplaces or workers that are not part of a labor union or trade union.

Equilibrium Wage

The pay rate where the amount of labor available matches the amount of work needed.

Production Workers

Individuals directly involved in the manufacturing or creation of a product, working on the production line or within the production area.